Trustees of Fund designated; powers; officers (a) The members of the Retirement Board shall be the trustees of the Fund, and may invest and reinvest the same in such securities and upon such terms and conditions as said Board shall determine. (b) The Retirement Board shall annually elect a Chair from its members. All warrants on said Fund shall be approved by said Board, or a majority thereof, and signed by the Chair and Secretary of the Retirement Board.
Vermont Legal Code