The chairman of the pension board shall exercise the voting rights pertaining to any
securities at any time held in the fund or otherwise consent to or request any action
on the part of the issuer of such securities; he may give general or special proxies
or powers of attorney with or without powers of substitution, and may participate
in amalgamations, reorganizations, recapitalizations, consolidations, mergers, liquidations
and similar transactions with respect to such securities and accept and hold any securities
issued in connection therewith.
Whenever the pension board has voted to approve an amendment to the laws governing
the board, the chairman of the pension board or his designee shall attend the regular
board of commissioners meetings at which the amendment is scheduled for adoption.
(Acts 1962, p. 3088, § 20; Ord. No. 10-08, Pt. I, 4-27-10)
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