A board of five members shall constitute the board of trustees to administer the fund and to designate the beneficiaries thereof, (the "board"). The board shall be known as the board of trustees of the Columbia police pension fund.

    Two members of the board shall be appointed by the mayor. The third and fourth members of the board shall be elected from the active participants of the pension fund by such active participants. The fifth member of the board shall be elected by and from the beneficiaries of the fund.

    The initial five-member board shall take office the first Tuesday in December, 1990, and shall serve until the second Tuesday in May, 1991. Thereafter, one of the two board members appointed by the mayor shall serve for one year beginning on the second Tuesday of May, 1991. The other board member appointed by the mayor, the two board members elected by the active participants and the one board member elected by the beneficiaries shall serve for two years beginning on the same day. Their successors shall serve for two years each or until their successors are appointed and qualified.

    The election for the initial board members required to be elected shall be held the third Monday in November, 1990. Thereafter, the election for board members shall be held biannually on the third Monday in April, at such place or places in the city and under the Australian ballot system and under such regulations as shall be prescribed by the appointed members of the board.

    At the election the active participants in the fund shall be entitled to vote only for the two active participant members of the board. All beneficiaries of legal age may vote only for the one member of the board chosen from among the beneficiaries. No person shall be entitled to cast more than one ballot at such election. The term of the initial elected members of the board shall be until the second Tuesday in May, 1991. Thereafter, the term of elected members of the board shall be for two years, beginning on the second Tuesday of the first May after the election.

    Upon the death, resignation or inability to act of any elected board member, his or her successor shall be elected for the unexpired term at a special election, to be called by the board and conducted in the same manner as the regular biannual election. (Ord. 867 § 3, 1990)

2.66.030    Creation of the board of trustees for the fund.