1. (a) Upon ordering the establishment of a memorial, a board of trustees must be appointed under this section for the establishment, maintenance, management, and control of the memorial.

2. (b) The board of commissioners of a county or common council of a city shall name five (5) trustees, not more than three (3) of whom may be members of the same political party. The appointees constitute a board for the establishment, maintenance, management, and control of the memorial. The trustees shall serve as follows:

   1. (1) One (1) of the trustees named by the board of commissioners or common council serves until the first Monday of the following January.
   2. (2) One (1) trustee serves until the first Monday of the second January following the trustee's appointment.
   3. (3) One (1) trustee serves until the first Monday of the third January following the trustee's appointment.

   4. (4) Two (2) trustees serve until the first Monday of the fourth January following the appointment of the trustees.

      On the expiration of the term of a trustee, a successor shall be appointed under this section to serve a term of four (4) years. Each subsequent trustee serves a term of four (4) years.

3. (c) The board of trustees shall elect a president, vice president, secretary, and treasurer. Elections must occur annually on the second Monday in January of each year or as soon after that day as possible. A trustee serves without compensation, except that a trustee is allowed all necessary expenses incurred in the performance of the trustee's duties.

4. (d) Bond for the faithful and honest performance of a trustee's duties is required. The form and amount of the bond is fixed by the board of commissioners or common council. If a surety bond is furnished by a trustee, the expense of the bond shall be borne by the county or city.

   [Pre-2003 Recodification Citation: 10-7-5-6.]

As added by P.L.2-2003, SEC.9.