§ 2-171. Advisory trustees.

(a)

The city council shall appoint five (5) joint trustees all of whom shall be at least twenty-one (21) years of age, citizens of the United States of America and residents of the City of Scottsdale, Arizona. The minimum professional qualification to serve as a trustee is at least ten (10) years of senior level management experience in any one (1) or more of the fields of banking, finance or healthcare. The city council will be the sole and final judge of the qualifications of any appointee.

(b)

The term of office for a trustee shall be for three (3) years. Any trustee may be reappointed by the city council upon expiration of his or her term, or upon the expiration of his or her term, any trustee may continue to serve until his or her replacement is appointed by the city council. The maximum term of service shall be six (6) years. Trustees will not be entitled to receive compensation for their services as trustees.

(c)

The trustees shall be responsible for the administration of the trust. The trustees shall meet at least once a year and submit a report to the city council as to the status of the trust fund.

(d)

The trustees shall be bonded in an amount to be determined by the risk management director. This requirement may be satisfied by a blanket performance bond or other coverage provided by the city at its expense.

(Code 1972, § 2-666; Ord. No. 4037, § 1(Res. No. 9185, Exh. A), 9-11-12)

Charter reference

Membership restrictions and requirements for boards, commissions, etc., art. 5, §§ 1, 2; bonds, art. 13, § 2.

Cross reference

Official bonds, § 2-61; membership of commissions, etc., § 2-241.

State law reference

Trustees, A.R.S. § 11-981(B,2).