HomeMy WebLinkAbout1969-12-01 Minutes• MINUTES OF THE REGULAR MEETING
BOARD OF TRUSTEES
FIREMEN'S PENSION A117 RELIEF FUND
December 12 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, December 1, 1969, at 4:45 P.m.
Present: Secretary Marilyn Moore, Fire Chief Burl Skelton and Board Members:
Joe Fraley, Paul Logue, Carl Springston, and Paul Blackard.
Absent: City Manager Wesley M. Howe.
In the absence of City Manager Howe, Fire Chief Skelton acted as Chairman Pro
Tem.
Mr. Springston moved to approve the minutes of the last regular meeting on Monday
November 3, 1969, a copy of which had previously been mailed to each Board Member.
The motion was seconded by Mr. Fraley, and upon roll call the following vote was
recorded: "Aye" Skelton, Fraley, Logue, Springston, and Blackard.
"Nay" none. There being five "Ayes" and no "Nays", the Chairman Pro Tem declared
the motion passed.
The Secretary presented the Authorization Form to pay the November pensions.
Mr. Blackard moved that the disbursements be allowed. The motion was seconded
• by Mr. Springston, and upon roll call the following vote was recorded: "Aye"
Skelton, Fraley, Logue, Springston, and Blackard.
"Nay" none. There being five "Ayes" and no "Nays", the Chairman Pro Tem declared
the motion passed.
Mr. Blackard moved to approve the investment authorized November 3, 1969, of
$10,000.00 to purchase a Variable Rate Certificate to draw interest at the rate
of 51 percent, payable quarterly, with the Capital Savings and Loan Association
of Little Rock, Arkansas.
The motion was seconded by Mr. Fraley, and upon roll call the following vote
was recorded: "Aye" Skelton, Fraley, Logue, Springston, and Blackard.
"Nay" none. There being five "Ayes" and no "Nays", the Chairman Pro Tem declared
the motion passed.
There being no further business, Mr. Springston moved to adjourn. The motion
was seconded by Mr. Blackard and passed unanimously, whereupon the Chairman Pro
Tem declared the meeting adjourned.
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BRANCH LOCATIONS
THE MALL
300 SO. UNIVERSITY. 72203
TELEPHONE 665.8445
SOUTHWEST CITY MALL
GEYER SPRINGS RD. & 1.30. 72209
Is
TELEPHONE 565-0887
CAPITAL. SAVINGS & LOAN ASSOCIATION
201 WEST CAPITOL AVENUE 0 LITTLE ROCK. ARKANSAS 72201
November 14, 1969
City of Fayetteville
Firemen's Pension & Relief Fund
P. 0. Drawer "F" -
Fayetteville, Arkansas 72701
Gentlemen:
TELEPHONE 375-6901
Welcome to Capital Savings $ Loan Association! We sincerely
thank you for placing your funds with us and assure you of
• our desire to be of service at all times.
Your account will earn a generous dividend of 53A, payable
quarterly. Investments made by the 10th earn from the 1st.
Savings added after the 10th earn from date of deposit. Our
accounts are also insured to $153000 by the FSLIC.
Just use the enclosed postage -paid envelope if you wish to
make your deposits by mail. Upon its receipt and your check
for at least $1,000.00, we will issue you another certificate
and send you another postage -paid envelope for your convenience.
Thank you again for the nice account.
S. c ely,
/G Blass
President
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Encl.
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•
•
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BRANCH LOCATIONS
THE MALL
300 SO. UNIVERSITY. 72203
TELEPHONE 886-8448
SOUTHWEST CITY MALL
GEYER SPRINGS RD. & 1-30. 72209
TELEPHONE 565-0967
CAPITAL SAVINGS & LOAN ASSOCIATION
LITTLE ROCK. ARKANSAS 72201 a TELEPHONE 375-6901
November 10, 1969
Mr. Evan Brott
Acting City Controller
P.O. Drawer F
Fayetteville, Arkansas
Dear Mr. Brott:
Please find enclosed the six month renewable certificate which you
requested that we open for the Firemen's Pension and Relief Fund in
your letter of November 7.
The account
is set up so
that
earnings will
be mailed
to
you each
quarter, and
the account
will
begin earning
November
10,1969.
Also enclosed is the account signature card. Please specify the num-
ber of signatures required for withdrawal and note the identifying
number for tax purposes at the top of the card. We will appreciate
receiving the executed card back in our office at your earliest con-
venience.
Your account is sincerely appreciated. Please let us know if you
have any questions regarding the way the account is set up or if we
may be of any other assistance to you. Any additional funds that
you might have will be very welcome.
JGR:nct
Sincerely,
L);OL�
John G. Ross
Vice President
0
CITY OF FAYETTEVILLE
Capital Savings and Loan Association
201 West Capital "treet
Little Rock, Arkansas
November 7, 1969
Attention: Mr. John G. Roes
Dear Mr. Ross:
Please find enclosed a check in the amount of 410,000.00
to purchase a Vari.a�-le ?tate Certificate which is to mature in
• six months for the City of Fayetteville Firemen's Pension and
Relief Fund.
Please mailithe interest on the date of maturity, -rade
payable to the City of Fayetteville Firemen's Pension and
Relief Fund. It is understood that the Certificate is auto—
matt cal ly renewed unless you are otherwise notified.
Thank you for your time and consideration.
Enclosure
0
Yours truly,
Evan Erott
Acting Citv Controller