A. To take charge of, to manage and to administer the fund and to order payments therefrom in pursuance of this chapter;

B. To provide for the payment from the fund of all necessary expense for its administration, provided that no compensation, direct or indirect, shall be paid to or received by any member of the board for any duty required or performed under this chapter;

C. To enter into agreements with firms providing investment counseling and management services for management of the investment of reserves in the pension fund or advice pertaining thereto;

D. To compel witnesses to attend and testify before the board upon all matters connected with the operation of this chapter in the same manner as is or may be provided by law for the taking of testimony before notaries public, and the chairperson or any member of the board may administer oaths to such witnesses;

E. To make all needful rules and regulations for the guidance of the board in conformity with the provisions of this chapter;

F. To keep a record of all its proceedings, which shall be a public record;

G. To grant or deny all applications for pensions or benefits and to make findings of fact in regard thereto; such decisions and findings shall be final. (Ord. 4847-NS § 3 (part), 1976: Ord. 4141-NS (part), 1966: Ord. 3558-NS § 4, 1957)