There is created a board which is to be known as the Safety Members Pension Board. The board shall consist of five individuals. The City Manager shall appoint two employees. The remaining members of the board shall be the Police Chief, Fire Chief and Finance Director and/or their respective designees. A majority of the members of the board shall constitute a quorum. No action may be taken by the board except by a majority vote of the entire membership thereof. (Ord. 6533-NS § 3, 2000: Ord. 4847-NS § 3 (part), 1976: Ord. 4488-NS (part), 1970: Ord. 3558-NS § 3, 1957)