4:12A-5. Chairman and recording secretary of board; quorum; meetings; seal
The board shall choose a chairman from its own members and recording secretary, who may be a member of the director's staff. The board shall fix the compensation, if any, which is to be paid to the recording secretary.
A majority of the members of the board shall constitute a quorum for the transaction of the business of the board.
Meetings of the board shall be called by the chairman or by a majority of the members of the board.
The board shall have a seal, which shall be judicially noticed.
L.1941, c. 274, p. 717, s. 5.
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