33-3004. ORGANIZATION, MEETINGS AND PROCEEDINGS OF BOARD. The board of trustees, at its first meeting and annually thereafter, shall organize by electing a chairman, a vice-chairman and a secretary. A majority of the board shall constitute a quorum for the transaction of business, but a smaller number may adjourn from time to time. No member of the board shall participate in any proceeding in which he has a pecuniary interest. No vacancy on the board shall impair the right of the remaining trustees to exercise all the powers of the board. Every vote and official act shall be entered of record. The state treasurer shall serve as treasurer of the board. It shall be the duty of the secretary to keep an accurate and detailed account of the doings of the board.
History:
[33-3004, added 1963, ch. 12, sec. 4, p. 23.]