Sec. 2-1616. Board; appointment; terms.
A. The Board is established to administer the Trust in accordance with the Trust Agreement.
B. The Board shall be composed of five City employees selected by the City Manager.
C. The Board shall by a majority vote of its members elect a Chairperson to serve in such capacity for a term as agreed upon by the members. The Board shall elect from the Board’s other members a Vice-Chairperson who shall act as Chairperson in the absence of the Chairperson.
D. The term of any member automatically ends:
1. Upon death of the member.
2. Upon submittal of written resignation to the Chairperson or the City Manager.
3. Upon removal by the City Council under the Phoenix City Code, Section 2-51
4. Upon removal by the City Manager.
5. Upon termination of City employment.
E. Three members shall constitute a quorum for the exercise of the powers and duties conferred upon the Board pursuant to this Article and the Trust Agreement.
F. Members are subject to the state laws regarding conflicts of interest. Any member, who has a conflict with a matter before the Board, must identify that conflict in the official minutes of the Board. Such members shall file with the City Clerk a copy of the Board’s official minutes that identifies the conflict.
G. Members shall serve on the Board without salary or compensation. (Ord. No. G-5048, § 1, 2007)