The president shall preside at all meetings of the board. He shall sign all necessary papers, approved by the board, requiring his signature, and perform such other duties as may be required by his office.
The secretary-treasurer shall keep minutes of all meetings of the board, receive and receipt for all payments to the fund, and keep accurate accounts between the fund and its members. All checks shall be signed by the secretary-treasurer and countersigned by the president or vice-president of the board.
The board shall hold regular monthly meetings at a time and place to be fixed by the board. Special meetings of the board shall be called by the president whenever he deems it necessary, or upon written request of five members of the board, or twenty-one members of the fund.
The board may appoint and fix the compensation of such employes necessary to the proper administration of the fund, and provide for equipment, supplies and services necessary to the administration of the fund. The cost thereof shall be payable from the fund.
53 P.S. § 23649