Missouri Laws 249.780 – Organization of board, quorum, monthly meetings — officers and employees — ..
1. Within four days after the appointment or election, the board shall meet and organize by choosing one of its members as chairman and one as secretary. The chairman and secretary shall serve for one year and until their successors are selected and qualified. A majority of the board shall constitute a quorum.
2. The board shall employ a treasurer and necessary professional, clerical and other personnel and determine their compensation. The treasurer may be either a member of the board or some other qualified individual. All employees shall serve at the will of the board.
Terms Used In Missouri Laws 249.780
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Quorum: The number of legislators that must be present to do business.
3. The board shall hold regular monthly meetings and the president may call special meetings when it is deemed necessary.
4. All persons charged with handling funds shall be required to give bond in an amount fixed by the board but at the expense of the district.
5. The board shall employ a competent accountant to conduct an annual audit of the receipts, expenditures and fixed assets of the district.