HomeMy WebLinkAbout1963-08-05 MinutesKNUTES
OF
• REGULAR MEETING OF THE BOARD OF TRUSTEES OF
FIREMEN'S PENSION & RELIEF FUND
The regular meeting of the Board of Trustees of the Firemen's Pension & Relief F1ma
was held in the aty Clerk's Office on Monday, August 5, 1963 at 145 P.M.
Present: Chairman Guy E. Brown, Secretary George J. Davis, Fire Chie£ )B:lrl Skelton,
and Board Members: Bill Norris, Arthur Caselman, and Doyle Mrrison.
Absent: TFeaauxr Roy Nix, Board Member: Bill Harris
The minutes of the Regular meeting on Monday July 1, 1963 were read and approved.
The Secretary pressnted the Authorization Plan to pay the July Pensions. Mr. Morrison
moved that the disbusements be allowed.
The motion seconded by Mr. Skelton and upoh roll callthe following vote was recorded:
"Aye" Skelton, Morris, Caselman, and Morrison. "Nay" None.
There being four "Ayes" and no "Nays" the chairman declared the motion passed.
The Sec etary reported that he had received a check from a State InsuranceCommission
(State kLitor) in the amount of $7,785.81 and that thepension fund also bad a series
of U.S. G Bonds Maturing on August 20, 1963, in the amount of $13,500ri which coU8
be invested as the Pension IDard desired. After a long discussion , Mr. Morrison
moved that Mayor Guy E. Brown and Acting Treasurer Albert J. Jones be authorized
to cash the U.S. Binds at maturity date in the amount of $13,500 and that the
Secretary be and he is hereby authorized to invest the sum of $10,000 in Savings &
Loan Stock with one of the three remaining Savings & Loan Comapnies in Fort Smith, Ark,
•Bearing interest at the rate of 4� %-�sper. annum.
The motion was seconded by "'r. Morris and upon roll call the following vote was
recorded. "Aye" Morris, Caselman, Morrison. "Nay" None
"Abstaining" Skelton.
There being there "Ayep"No "Nays" and only one "Abstaining" the ch#hnan declared
the motion passed.
There being no further business Mr. Morrison moved to adjourn.
The motion wels seconded by Mr. Skelton andpsssed unanimously, whereupon the chairman
declared the meetin& adjourned.
APPROVED:�ulf/v
Mayor uy E. Brown
Chaij;qan,
ATTEST: Q
'George J.vi , ecretary
E