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Home My WebLink About1969-05-05 Minutes• MINUTES OF THE REGULAR MEETING BOARD OF TRUSTEES FIREMEN'S PENSION AND RELIEF FUND May 5, 1969 The regular meeting of the Board of Trustees of the Firemen's Pension and Relief Fund of Fayetteville, Arkansas, was held in the Directors Room in the City Admini- stration Building on Monday, Mav 5, 1969, at 4:45 p.m. Present: Chairman Wesley M. Howe, Fire Chief Burl Skelton, Secretary Marilyn Moore, Treasurer Albert J. Jones, and Board Members: Paul Logue, Paul Blackard, Joe Fraley, and Carl Springston. Absent: None. Mr. Joe Fraley and Mr. Carl Springston are newly elected members of the Board of Trustees of the Firemen's Pension and Relief Fund. Mr. Skelton moved to approve the minutes of the last regular meeting on Monday, April 7, 1969, a copy of which had previously been mailed to each Board Member. The motion was seconded by Mr. Logue,and upon roll call the following vote was recorded: "Aye" Skelton, Logue, Blackard, Fraley, and Springston. "Nay" none. There being five "Ayes" and no "Nays", the Chairman declared the motion passed. The Secretary presented the Authorization Form to pay the April pensions. • Mr. Skelton moved that the disbursements be allowed. The motion was seconded by Mr. Blackard, and upon roll call the following vote was recorded: "Aye" Skelton, Logue, Blackard, Fraley, and Springston. "Nay" none. There being five "Ayes" and no "Nags", the Chairman declared the motion passed. A Firemen's Pension and Relief Fund Balance Sheet at March 31, 1969, as prepared by Treasurer Albert J. Jones, was presented to the Board Members. A long discussion was held concerning Fire Captain Orville Stout, who is unable to work due to surgery. Mr. Skelton reported that the Firemen's Pension and Relief. Fund is obligated to help him from the date his sick leave ran out, which was April 22, 1969, until the date he is able to return to work. Mr. Blackard moved that Fire Captain Orville Stout be paid $56 for the eight days that remained in April from the date his sick leave ran out, and that he be paid $210 each month thereafter until he is able to return to work. Mr. Fraley seconded the motion, and upon roll call the following vote was recorded: "Aye" Skelton, Logue, Blackard, Fraley, and Springston. "Nay" none. There being five "Ayes" and no "Nays", the Chairman declared the motion passed. A long discussion was held concerning Lee Skelton, the only man to retire from the Fayetteville Fire Department due to disability received from an on the job injury. He was injured in 1955 after being on the force for 10 ,years. He retired in 1956 at one-half pay. The amount of his pension is $129.77. Mr. Lee Skelton has never asked the Firemen's Pension and Relief Board for an increase in his pension, and is not doing so now. This matter was brought up for review only because he is the only man ever to retire from the Fayetteville Fire Department due to an injury • received in the line of duty, and it is felt that his pension should be more in line with those paid at this time. Mr. Logue moved that the amount paid to Mr. Lee Skelton for his monthly disability pension be increased. The motion was seconded by Mr. Blackard,and upon roll call the following vote was recorded: "Aye" Skelton, Logue, Blackard, Fraley, and Springston. "Nay" none. There being five "Ayes" and no "Nays", the Chairman declared the motion passed. Mr. Springston moved that the amount paid to Mr. Lee Skelton for his monthly disability pension be set at $190, effective for the month of May, 1969. The motion was seconded by Mr. Logue, and upon roll call the following vote was recorded: "Aye" Skelton, Logue, Blackard, Fraley, and Springston. "Nay" none. There being five "Ayes" and no "Nays", the Chairman declared the motion passed. There being no further business, Mr. Logue moved to adjourn. The motion was seconded by Mr. Blackard and passed unanimously, whereupon the Chairman declared the meeting adjourned. APPROVED: 4 • 4m HOWE, CHAIRMAN ATTEST: wO MA I YINM ORE, SECRETARY • City of Fayetteville Firemen"s Pension and Relief Fund • Balance Sheet At March 31. 1969 Exhibit "W-l" Assets Cash in Bsnks " Checking Account 11 1 1', $6,919.19 Savings Account 2.374.31 $ 99293.50 Investments - At Cost 250.000.00 Total 259,2911150 Liabilities and Reserve Of Contributions - 'Refundable $ 149770.01 �tetirement Reserve 2�4ha52 .4 Total -M9 • `99.50 i i Statement of.Cash Receipts and'Disbursements-., For Three Months Ended March 31, 1969 Exhibit 'R•/-2" i Cash Balance, December 31, 1968 •$ 10039.35'1 • Receipts Property Taxes $2,916.15 s' Interest ReceivedP4 29587.50 Officers' Contributions1,064.75 Ambulance Service Payments 54.00 Total Receipts 6.622.40 Total Available $ 170461.75 Disbursements Purchase of Investments $59000.00 Pensions Paid !I 5.542.56 Total Disbursements 10.542:56 Cash Balance, Msrch 31, 1969.''. $ 6.919.19 LITTLE ROCK \ �y OFFICE Y � `.' � ��11L O F F I C E R S GEORGE ROSE . . . CHAIRMAN OF THE BOARD J. R. GROBMYER . DIRECTOR PAUL M. LEIRD . DIRECTOR HUGO W. NORVELL . . . DIRECTOR H. C. JOHNSTON . PRESIDENT H. CHARLES JOHNSTON VICE-PRESIDENT AND SECRETARY GEORGE B. TYLER . . VICE-PRESIDENT R. DOUGLAS WRIGHT . . . . TREASURER LOUISE MCCARTY . . . . . COMPTROLLER MYRTICE PATTERSON ASST. SECRETARY • • NORTH LITTLE ROCK OFFICE - r.+ rr April 90 1969 Mr. Evan Brott Assistant Controller City of Fayetteville City Clerk's Office Fayetteville, Arkansas OF LITTLE ROCK 312 Louisiana Street Dear Mr. Brott: Attached is our check for $10,000.00 withdrawn from account 35342-5 as requested. This book is returned showing this transaction. Apparently, we do not have an up to date signature card. Will you please have the enclosed card signed by the proper parties and return to us in the postage paid envelope. We appreciate your continued business. Very truly yours, R. Douglasight Treasurer RDW:fg encl. Little Rock, Ark. �> CHARTERED AND SUPERVISED BY �(irl jip THE UNITED STATES GOVERNMENT \.: 7