(40 ILCS 5/8-196)
(from Ch. 108 1/2, par. 8-196)
The board shall hold regular meetings in the months of March, June,
September and December annually and special meetings as it deems necessary.
A majority of the members shall constitute a quorum for the transaction of
business at any meeting, but no annuity or benefit shall be granted or
payments made by the fund unless ordered by a vote of a majority of the
(Source: Laws 1963, p. 161.)