§ 2. Board of Trustees.

(1)

A board of trustees of said fund is hereby created which board shall be known as the Orlando Police Pension Board of Trustees. The board shall consist of five members, two of whom, if otherwise required by law, shall be legal residents of the City of Orlando, who shall be appointed by, and serve at the pleasure of, the City Council; two of whom shall be full-time police officers as defined in Florida Statutes § 185.02, who shall be elected by a majority of the police officers who are members of the plan. The fifth member shall be chosen by a majority of the previous four members, and such person's name shall be submitted to the City Council which shall, as a ministerial duty, appoint such person to the board. Each trustee shall serve for a period of 2 years and may succeed himself in office. Trustees, having been appointed and elected in the manner herein provided and holding office as of July 1, 1989, shall continue in office until September 30, 1990; trustees appointed and elected to take office on October 1, 1990 shall serve for a period of 2 years as heretofore provided. A vacancy shall be filled in the same manner as hereinabove provided for the appointment or election of trustees. The board of trustees shall meet at least quarterly each year. The board of trustees shall be a legal entity with all powers and responsibilities conferred upon it by law including the power to bring and defend lawsuits of every kind, nature and description. The trustees shall, by majority vote, elect from their members a chairman, a vice chairman and a secretary. The secretary of the board shall keep a complete minute book of the actions, proceedings, or hearings of the board. The trustees shall not receive any compensation as such, but may receive expenses and per diem as provided by law.

(2)

The board of trustees is hereby authorized to promulgate rules and procedures for the conduct of the election of trustees as provided above to include, but not be limited to, location and hours of polling places, form of ballot, poll watchers, counting of ballots, certification of results, and challenges or protests to the election process or results thereof.

(3)

The board of trustees is hereby authorized to make and adopt such reasonable rules and regulations as may be necessary or convenient to carry out the duties of the board and activities of the retirement plan, including any rules and regulations necessary to preserve the status of the retirement plan as a qualified pension plan under the provisions of the Internal Revenue Code of the United States, as amended, or under successor or related provisions of law.

(Laws of Fla. ch. 22414(1943), § 4; Laws of Fla. ch. 61-2604, § 1; Laws of Fla. ch. 84-492, § 4; Laws of Fla. ch. 89-458, § 4; Laws of Fla. ch. 95-482, § 2; Ord. of 6-24-2002, § 1, Doc. #020624704)