(a) In addition to the other powers granted in this subchapter, the board of trustees of a firemen's relief and pension fund shall have the power to:
(1)
(A) Compel witnesses to attend and testify before it upon all matters connected with the operation of this act and in the same manner as provided by law for the taking of testimony before a notary public.
(B) The chair or any member of the board may administer oaths to the witnesses;
(2)
(A) Provide for the payment from the fund of all its necessary expenses.
(B) However, no compensation shall be paid to any member of the board for any duties performed under this act; and
(3) Make all rules needful for compliance with the provisions of this act.
(b) The board shall have the power to accept and disburse according to the provisions of this act any and all sums which may come into its hands through appropriation, gift, or devise.
(c) Members of the board of trustees of the firemen's relief and pension fund of incorporated cities and towns in Arkansas shall have the power, in their discretion, to expend moneys from the firemen's relief and pension fund for the purpose of paying premiums and purchasing group insurance covering the members of the fire departments of the cities and towns against accidental injury or death occurring within the line of duty of the firefighters.