HomeMy WebLinkAbout1968-09-03 MinutesMINUTES
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 & Relief Fund of
Fayetteville, Arkansas, was held in the City Clerk's Office on Tuesday, September 3, 1968,
at 4:45 P. M.
Present: Chairman, City Manager Gerald G. Fox, Secretary George J. Davis, Fire Chief
Burl Skelton, and Board Members: Paul Logue, Paul Blackard, Bill Harris, and Clarence Tune.
gsent: Treasurer Albert J: Jones.
The minutes of the regular meeting on Monday, August 5, 1968, were read and approved.
The Secretary presented the Authorization Form to pay the August pensions.
Mr. Tune moved that the disbursements be allowed. The motion was seconded by Mr. Blackard
and upon roll call the following vote was recordedr "Ayg" Skelton, Logue, Blackard, Harris,
and Tune.
"Nay" None.
There being Five "Ayes" and No "Nays", the Chairman declared the motion passed.
The Secretary reported that he had received the Application for Pension from Donald W.Watts,
filed in his Office on August 7, 1968, after 20 years service, ending July8, 1968.
Mr. Watts was a full-time paid Fireman receiving a salary of $400.00 per month which would
permit him to draw a pension of one-half that amount or $200.00 per month.
Mr. Harris moved to accept the application of Donald W. Watts for a pension and that the
Secretary be and he is hereby authorized and directed to place his name on the pension list
at $200.00 per month effective as of August 1, 1968.
•The motion was seconded by Mr. Tune and upon roll call the following vote was recorded,
"Aye" Skelton, Logue, Blackard, Harris, and Tune.
"Nay" None.
There being Five "Ayes" and No "Nays", the Chairman declared the motion passed.
The Secretary reported that he had received the sum of $12,267.10 from the State Insurance
Commissioner and that made a surplus in the chedking account of $15,000.00 to invest.
He further reported that he had called the Liberty Savings & Loan Association, Siloam Springs,
Arkansas, and they stated that their Savings & Loan Association paid 51$ Interest on
VR Certificates of $15,000.00, payable every six months.
He further reported that,after calling a majority of the Board Members, he had made the
investment of $15,000.00 with the Liberty Savings & Loan Association at 5k%.
Mr. Harris moved to approvedthe investment with the Liberty Savings & Loan Association
as reported by the Secretary.
The motion was seconded by Mr. Blackard and upon roll call the following vote was recorded:
"Aye" Skelton, Logue, Blackard, Harris, and Tune. "Nay" None.
There being "Five "Ayes" and No "Nays", the Chairman declared the motion passed.
There being no further business, Mr. Skelton moved to adjourn. The motion was seconded by
Mr. Blackard and passed unanimously, whereupon the Chairman declared the meeting adjourned.
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APPROVED:
CI MANAGER GERALD G. FOX
CHAIRMAN