Section 25-23-1-5 - Meetings; officers; quorum(a) The board shall meet annually. At its first meeting of the calendar year, it shall elect from the membership a president, a vice president, and a secretary. It shall hold such other meetings during the year as may be necessary for the transaction of its business.(b) Five (5) members of the board constitute a quorum. An affirmative vote of a majority of the members appointed to the board is required for action of the board.(Formerly: Acts 1949, c.159, s.5; Acts1971 , P.L. 376, SEC.5.) As amended by Acts1981 , P.L. 222, SEC.160; P.L. 169-1985, SEC.69; P.L. 149-1987, SEC.56; P.L. 158-2003, SEC.5.