Guam § 87105 - Board of Trustees.

§ 87105. Board of Trustees.

(a) All functions and powers of the Corporation shall be vested in

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(DEPARTMENT OF CHAMORRO AFFAIRS)

and be exercised by and under the direction of a Board of Trustees

(‘Trustees’), composed of nine (9) members. The Trustees shall be U.S.

citizens and residents of Guam and no less than five (5), or fifty percent

(50%) of the members of the governing body, must be Chamorro,

defined as residents of the Marianas Islands as of 1898, or descendants

thereof. Trustees shall be appointed who possess the qualities,

knowledge, experience and diversified ability necessary to pursue

effectively the programs of the Corporation. The Chairperson shall be a

Trustee and shall be elected by a majority of the Trustees.

(b) I Maga’lahen Guåhan shall appoint the Trustees of the

Corporation, which shall be comprised of representatives in each of the

field of business, history or archaeology, tourism, economics or finance,

Chamorro language and culture, arts and three (3) members at large.

(c) The initial appointment for four (4) of the nine (9) members

shall be for two (2) year terms, thereafter becoming four (4) year terms;

and the remaining five (5) members shall have initial and subsequent

four (4) year terms.

(d) Five (5) Trustees constitute a quorum, and five (5) affirmative

votes are required for the transaction of all business. The Trustees shall

meet in regular session at least once each month and in special session as

the Chair may deem necessary. All meetings of the Trustees are open to

the public, as provided by law.

(e) Each Trustee shall receive Fifty Dollars ($50.00) for attendance

at any meeting of the Trustees, but this stipend shall not apply to more

than two (2) meetings in any one (1) calendar month. No member shall

receive any other compensation, but shall be reimbursed for actual travel,

subsistence and out-of-pocket expenses incurred in the discharge of

responsibilities, including authorized attendance at meetings held off-

Island, subject to the prior approval of the Board of Trustees.