Agenda - Council - 05/24/2022 - Laserfiche WebLink

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General Trustees will be voted in at the regular annual meeting of the membership. Election of the General Trustees will be staggered each year over three (3) years as follows: • President and Vice President • Secretary and One General Trustee • Treasurer and One General Trustee Terms of office commence upon election at the annual general membership meeting. Section 5. Vacancies. A vacancy in the position of any non-municipal Trustee or Officer may be filled by a majority of the remaining Trustees at any regular membership meeting or special board meeting. The member selected to fill the vacancy holds office only until the next special or annual meeting of the Association membership when a successor must be elected by the membership. Section 6. Authority and Duties. Officers have the authority and duties in the management of the business of the Association as outlined in the Ramsey Fire Relief Association Standard Operating Procedures. Those duties are incorporated herein by reference. Section 7. Standard of Performance. A General Trustee shall discharge his/her duties in good faith and with the diligence and care which an ordinarily prudent person, in a like position and under similar circumstances, would exercise. General Trustees will attend annually, a minimum of 66% of scheduled meetings. Failure to attend the minimum number of meetings may result in the removal of a General Trustee. An Active Service Member serving as a General Trustee may remain on the Board if he/she becomes a LOA Member, as determined by the Fire Chief in accordance with Fire Department Personnel Policy related to LOA. Failure to return to Active Service status may be grounds for removal as a Trustee. Section 8. Fiduciary responsibility. In the discharge of their respective duties, the officers and trustees shall be held to the standard of care enumerated in Minnesota Statute 11A.09. In addition, the trustees must act in accordance with Minnesota Statute 356A. No trustee of the Association shall cause the Relief Association to engage in a transaction, if the fiduciary knows or should know that a transaction constitutes one of the following direct or indirect transactions: 1. Sale or exchange or leasing of any real property between the Association and the Board Member; 2. Lending of money or other extension of credit between the Association and a Board Member or member of the Association; 3. Furnishing of goods, services, or facilities between the Association and the Board Member; or 4. Transfer to a Board Member, or use by or for the benefit of a Board Member, or any assets of the Association. Transfer of assets does not mean the payment of Association benefits or administrative expenses permitted by law. 6 Effective Date:{DATE}