53 Pa. Stat. § 16367
Current through P.A. Acts 2023-32
Said directors of trusts shall meet every month, and as often as the business entrusted to them may require; a majority of the whole shall constitute a quorum for the transaction of business; at their first meeting after organization, and annually thereafter, they shall elect from their own number a president, who shall serve until the first day of the following year, and also a secretary, who shall be a salaried officer, and not a member of the board, to serve for the same period; the treasurer of the city of Philadelphia shall be the treasurer of the said directors of trusts.
53 P.S. § 16367