Section 187-A:15 - Operation of Board of TrusteesI. The board shall elect its own chairperson annually.II. The board shall choose a secretary, who shall keep a record of proceedings, and a treasurer, who shall give a bond satisfactory to the trustees for the faithful discharge of duties as treasurer. The trustees may, in their discretion, require a bond for any other persons employed by or administering the affairs of the institutions of the university system. Said trustees shall determine the amount and sufficiency of the surety of said treasurer's bond or any other bonds required under this section. III. The board shall meet at such times and places as it may determine but shall hold at least one meeting each year at Keene state college and one at Plymouth state university. The chairperson shall call special meetings upon the written request of any 5 members or on the chairperson's own motion.IV. Fourteen members shall constitute a quorum for the transaction of business, but not less than 14 affirmative votes shall be required to elect the chancellor of the university system or a college or university president;V. Members shall receive no compensation for their services but shall be reimbursed for expenses reasonably incurred by them in the performance of their duties.1981, 331:1. 1985, 140:3. 1994, 158:12. 1995, 134:16. 2000, 23:3. 2003, 159:1, eff. Aug. 16, 2003.