§ 6-9-6-3 — Meetings; officers; rules; quorum

Promptly after the fifteenth day of January of each
year, the board of managers shall hold a meeting for the purpose of
organization. They shall choose one (1) of their members president,
another vice-president, another secretary and another treasurer, which
officers shall perform the duties pertaining to those offices. The
officers shall serve from the date of their election until their successors
are elected and qualified. The members may adopt such bylaws, rules
and regulations as they deem necessary for the proper conduct of their
proceedings, the carrying out of their duties, and the safeguarding of
the funds and the property entrusted to their care. A majority of the
board of managers constitutes a quorum, and the concurrence of a
majority of the board of managers is necessary to authorize any action.
As added by Acts 1978, P.L.49, SEC.1.