3174

LAWS OF MARYLAND

Ch. 506

(4)  The trustees shall serve without compensation, but
they shall be reimbursed from the Expense Fund, provided
under § 56 of this subtitle, for all expenses that they may
incur through service on the board in accordance with the
standard travel regulations.

(5)  Each trustee shall, within ten days after his
appointment or election, take an oath of office that so far
as it devolves upon him he will diligently and honestly
administer the affairs of the said board, and that he will
not knowingly violate or willingly permit to be violated any
of the provisions of the law applicable to the Retirement
System. Such oath shall be subscribed to by the member
making it and certified by the officer before whom it is
taken, and immediately filed in the office of the Secretary
of State.

(6)  Each trustee shall be entitled to one vote on the
board. A majority of said board shall constitute a quorum
for the transaction of any business, the exercise of any
power, or the performance of any duty authorized or imposed
by this subtitle.

(7)   Subject to the limitations of this subtitle, the
board of trustees shall from time to time establish rules
and regulations for the administration of the funds created
by this subtitle and for the transaction of its business.
The board of trustees shall have power to require any
officer, board or commission of the State to furnish it,
upon application and without cost, certified copies of any
record or papers in their official custody, and to require
the attendance of witnesses and the production of papers,
under summons, subpoena or other process, before said board
when considered necessary for the proper administration and
enforcement of this subtitle or of the regulation adopted
pursuant thereto; and for this purpose the said board, or
any member thereof, shall have the right to administer oaths
to such witnesses.

(8)  The said board may hold hearings when deemed
necessary in the performance of its duty, the hearings to be
governed by the rules and regulations of the board, and the
board shall not be bound by technical rules of evidence.

(9)  The board of trustees shall elect from its
membership a chairman. The Secretary of Personnel shall be
secretary to the board, and shall be responsible for such
administrative functions as had been previously performed by
the Director of retirement systems to carry out the duties
and business of the retirement system. The board shall
engage such actuarial and other professional services as
shall be required to transact the business of the retirement
system, and the board shall determine the amounts of
compensation to be paid for such services. The board of
trustees shall engage the services of such persons as are at