(a) The board shall meet not less than once each month and at such other times as may be considered necessary by the chair of the board. All meetings shall be upon such notice, at such place or places, and at such time or times as the board may from time to time determine. Five members of the board shall constitute a quorum for the transaction of business. Board members must be present to vote; no proxies shall be allowed. Each board member shall have one vote. Action shall be taken by a majority of the votes cast.
(b) The board shall keep separate and adequate records of all its meetings and proceedings. The records shall be public and shall be subject to inspection during normal business hours to the extent required by Alabama law.
Structure Code of Alabama
Chapter 49A - Mobile County Municipalities.
Part 4 - Policemen's and Firemen's Pension and Relief System.
Division 7 - Administration of Plan.
Section 45-49A-63.120 - Appointment of Board.
Section 45-49A-63.121 - Elections.
Section 45-49A-63.122 - Vacancies.
Section 45-49A-63.123 - Duties of Board.
Section 45-49A-63.124 - Establishment of Rules.
Section 45-49A-63.125 - Meetings.
Section 45-49A-63.126 - Compensation and Bonding.
Section 45-49A-63.127 - Prudent Conduct.
Section 45-49A-63.128 - Maintenance of Accounts.
Section 45-49A-63.129 - Service in More Than One Fiduciary Capacity.
Section 45-49A-63.130 - Limitation of Liability.
Section 45-49A-63.131 - Indemnification.
Section 45-49A-63.132 - City Attorney to Represent Board.