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HomeMy WebLinkAbout1970-05-04 MinutesMINUTES OF THE REGULAR MEETING • BOARD OF TRUSTEES FIREMEN'S PENSION AND RELIEF FUND May 4, 1970 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, May 4, 1970, at 4:30 p.m. Present: Chairman Wesley M. Howe, Treasurer Patrick J. Tobin, Secretary Marilyn Moore, Fire Chief Burl Skelton and Board Members: Joe Fraley, Paul Logue, Carl Springston, and Paul Blackard. Absent: None, Mr. Logue moved to approve the minutes of the last regular meeting on Monday, April 6, and of the special meeting on Wednesday, April 8, 1970, a copy of which had pre- viously been mailed to each Board Member. 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 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, Fraley, Logue, is Springston, and Blackard. "Nay" none. There being five "Ayes" and no "Nays", the Chairman declared the motion passed. The Treasurer reported that $105,000.00 at 7 1/2 percent interest for a period of one year had been invested at First Federal Savings and Loan Association of Fayetteville. The Treasurer was requested to prepare a Schedule of Investments to present to the Board at the next meeting. Mr. Skelton requested that Board Members be thinking about a second $100,000.00 investment and present suggestions as to where it could be invested at the next meeting. There being no further business, Mr. Springston moved to adjourn. The motion was seconded by Mr. Fraley and passed unanimously, whereupon the Chairman declared the meeting adjourned. APPROVED: ESLEY M OWE, CHAIRMAN ATTEST: •KAMM4 AMM00 , SECRETARY