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Home My WebLink About1960-08-01 MinutesMINUTES • OF THE FIREMEN'S PENSION & RELIEF FUND BOARD OF TRUSTEES The regular meeting of the Bo4rd of Trustees of the Firemen's Pension and Relief Fund of Fayettevill5e, Arkansas, was held in the Oity Clerk's Offiee on Monday, August 1, 1960, at 4:45 P.M. Present: Chairman Mayor Guy E. Brown, Secretary George J. Davis, and Board Members: Bill Morris, Arthur Caselman,,Ellis Poore, and Doyle Morrison. Absent: Fire Chief Burl Skelton and Treasurer Roy Nix. The minutes of the regular meeting on Tuesday, July 5, 1960, were read and approved. The Secretary presented the authorization form to pay the July Pensions. Mr. Morris moved the disbursements be allowed. The motion was seconded by Mr. Poore and upon roll call the following vote was recorded: "Aye"Morris, Caselman, Poore, and Morrison. "Nay" None. There being four "Ayes" and no "Nays°, the Chairman declared the motion passed. The Secretary reported that he had received a check from the State of Arkansas Insurance Department in the amount of $8097.84 and that of this amount $7,600.00 could be invested as the Board of Trustees • desired. He further reported that 34,600.00 could be invested in First Federal Savings & Loan Stock in Rogers, Arkansas, which would increase the investment in that Company to the full amount of $$10,000.00 allowdd. He also reported that he had a letter together with a Financial Report from the Springdale Savings & Loan Association; a Federal Insured Corporation,"asking the board to invest with them. This Company pays 4% interest which is the same as the other Invest- ment Companies. Mr. Morrison moved that the Secretary be and he is hereby authorized and directed to invest the sum of $4,600.00 with the First Federal Savings & Loan Co. in Rogers, Arkansas (bringing the total investment to $$10,000.00 with that Company) and the sum of $3,000.00 with the Springdale Savings & Loan Association of Springdale, Arkansas. The motion was seconded by Mr. Poore and upon roll call the following vote was recorded: "Aye" Morris, Caselman, Poore, and Morrison. "Nay" None. There being four "Ayes" and no "Nays", the Chairman declared the motion passed. There being no further business, Mr. Poore moved to adjourn. The motion was seconded by Mr. Morris and passed unanimously, whereupon the Chairman declared the meeting adjourned. � YOT u`i E �(. IROVIN MA CHAIfNiAN ATTEST: ' o • GEORGE IS, SEC-,HETARY. APPROVED: