HomeMy WebLinkAboutDocumentation_Regular_Tab 15_09/07/2005 FROM ORDINANCE 598, EXHIBIT ��A"
May 10, 2005
B. Designation of a beneficiary or beneficiaries, and,
C. A ce�tified stateme�t as to prio� medical and psychological histary.
3. Change in Designation of Beneficiarv
A member may from time to time change hislher designated benefiaary by
written notice to the Board upon forms provided by the Board. Upon such
change, the rights of all previously designated b��eficiaries�to reoeive any
- tie�eftts �ndec: the System shalf cease. _ ._
Section 4. Board of Trustees.
1. The sole and exclusive administration of and responsibility for the proper
operation of the retirement system and foc making effective the provisions of this ordinance
is hereby vested in a Board of Trustees: The Board shall consist of five (5) Trustees, two
(2) of whom, unless othervvise prohibited by law, shail be legal residents of the muniapality,
who shall be appointed by the Tequesta Village Council, and two (2) of whom shall be full-
time General Empbyee members of the System. The fifth (5` Trustee shall be selected
by a majority vote of the other fou� (4) Trustees.
Each person seeking to fill a designated employee representative Board member
seat shall be elected by their full-time co-worke�s. Upon �eceipt of the fifth (5'") person's
name the Tequesta Village Council shall, as a ministerial duty, appoint such person to the
General Empioyee Board as its fifth (5"') Trustee. The fifth (5�') Trustee shall have the
same rights as each of the other Trustees appointed or elected as her�ein provided and
shall serve a iwo (2) year term unless the office is sooner vacated and may succeed
himself or herself in office. Each resident Trustes shall serve as Tn.istee for a period of two
(2) years unless sooner replaced by the Tequesta Village Coundl at whose pleasure the
Trustee shall serve, and may succeed himself or herself as a Trustee. Each General
Em�loyee Trustee shall serve as Trustee for a period of two (2) years, unless he/she
sooner leaves the employment ofthe Village or otherwise vacates his/hero�ce asTrustee,
whe�eupon a successor shatl be chosen in the manner as the depa�ting Trustee. Each
employee repr�esentative Trustee may succeed himself or he�self in office. The General
Employee Board shall meet at least quarte�iy each year. The Board shall be a legal entity
with, in addition to other powers and respo�sibilities cantained herei�, the power to bring
and defend lawsuits of every kind, nature, and description.
2. The Board shall, by majority vate, elect a chairman and secretary. The
secretary of the Board shall keep, or cause to be kept, a complete minute book of the
actions, proceedings, or hearings of the Board and shal{ preside over Board meetings in
the absence of the Chairman. The Trustees shall not receive any compensation as such,
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