Section 148. At the first meeting of the said trustees, and at each annual meeting thereafter, they shall elect from their number a chairman, vice chairman, treasurer and a secretary who shall perform such duties as the trustees shall prescribe. The treasurer shall give a surety company bond in such amount as the trustees shall fix, and the premium thereon shall be paid as an expense of the area. Each trustee shall be entitled to one vote on all matters calling for the determination of the board. The trustees shall hold such meetings and transact such business as may be necessary for the efficient operation of the transportation area. A majority of the board shall constitute a quorum for the transaction of business and the action of a majority of those present at any meeting shall be deemed the action of the trustees. The trustees shall annually, before February first, report, with a detailed statement of the finances of the area, to the several cities and towns of the area, and the treasurer shall, once in every three months, make a financial report to said cities and towns in such form as the trustees prescribe.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
