HomeMy WebLinkAbout1966-10-10 Minutes0
MINUTES OF
THE REGULAR MEETING OF THE BOARD OF TRUSTEES OF
THE FIREMEN'S PENSION & RELIEF FUND
The regular meeting of the Board of Trustees of the Firemen's Pension and
Relief Fund of Fayetteville, Arkansas, was held in the City Clerk's Office
on Monday, October 10, 1966, at 4:45 P. M.
Present: Fire Chief Burl Skelton, Secretary George J. Davis, and Board
Members: Clarence Tune, Doyle Morrison, and Charles McWhorter.
Absent: Mayor Don Trumbo, Treasurer Albert J. Jones, and Board Member Bill
Harris.
In the absence of MMyor Don Trumbo, Fire Chief Burl Skelton acted as Chairman
Pro Tem.
The minutes of the regular meeting on Monday, August 8, 1966, were read and
approved.
The Secretary presented the authorization forms to pay the August and September
pensions.
Mr. Morrison moved that the disbursements be allowed. The motion was seconded
• by Mr. Tune and upon roll call the following vote was recorded, "Aye" Skelton,
Tune, Morrison, and McWhorter. "Nay" None.
There being four "Ayes" and no "Nays", the Chairman Pro Tem declared the motion
passed.
The Secretary reported that he had cashed a series of matured U. S. Government
K Bonds in the amount of $4,000.009 therebyyhaving a surplus in the checking
fund of $10,000.00 which could be invested as the Board desired.
He recommended investing this sum with the Bank of Elkins since they would
Pay 40 %nterest, compounded quarterly, as the Banks in Fayetteville and
Springdale were paying and had the same insurance.
After a brief discussion, Mr. Tune moved that the Secretary be and he is
hereby aughorized to invest the sum of $10,000.00 for a Savings Certificate
with the Bank of Elkins, Elkins, Arkansas.at Q% compounded quarterly.
The motion was seconded by Mr. McWhorter and upon roll call the following vote
was recorded, "Aye" Skelton, Tune, Morrison, and McWhorter. "Nay" None.
There being four "Ayes" and no "Nays", the Chairman Pro Tem declared the motion
passed.
Fire Chief Skelton reported that it was agreed with the City Manager, during
the Negotiations for off-duty Firemen to operate the Ambulance Service, that
one dollar per Ambulance run would be donated annually to the Firemen's
Pension & Relief Fund of Fayetteville, Arkansas to be donated by the City Bf
Fayetteville Ambulance Service.
There being no further business, Mr
• WIF8Hconded by Mr. Tune and passed
declared the meetiM adlourned.
ATTEST:' _G RGE '
OJ IS�ARY
McWhb?t iiEftved to adjourn. The motion
unanimously, v%streunnn the Chairman Pro f6%
Z
APPROVED: c �
FIRE CHIEF BURI;-SKELTON
CHAIRMAN PRO TEM