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L <br />ON MOTION by Chairman Wheeler, SECONDED by <br />Board Member Davis, the Board by a 4-0 vote (Board <br />Member Disney-Brombach absent) elected <br />Commissioner O'Bryan as Chairman of the Board. <br />Chairman O'Bryan took the Chair. <br />Board Member Wheeler was nominated as Vice Chairman of the Value Adjustment Board. <br />ON MOTION by Chairman O'Bryan, SECONDED by <br />Board Member Davis, the Board by a 4-0 vote (Board <br />Member Disney-Brombach absent) elected Board <br />Member Wheeler as Vice Chairman of the Board. <br />5. APPROVAL OF VAB MINUTES <br />ON MOTION by Vice Chairman Wheeler, <br />SECONDED by Board Member Davis, the Board by a <br />4-0 vote (Board Member Disney-Brombach absent) <br />approved the VAB Minutes of April 2, 2007, as written <br />and distributed. <br />2007 Organizational Meeting 2 <br />Minutes 071007 <br />