HomeMy WebLinkAbout1970-06-01 MinutesMINUTES OF THE REGULAR MEETING
• BOARD OF TRUSTEES
FIREMEN'S PENSION AND RELIEF FUND
June 1, 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, June 1, 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: Paul Logue and Carl Springston.
Absent: Joe Fraley and Paul Blackard.
Mr. Logue moved to approve the minutes of the last regular meeting on Monday,
May 4, 1970, a copy of which had previously been mailed to each Board Member.
The motion was seconded by Mr. Skelton, and upon roll call the following vote
was recorded: "Aye" Skelton, Logue, and Springston.
"Nay" none. There being three "Ayes" and no "Nays", the Chairman declared the
motion passed.
The Secretary presented the Authorization Form to pay the May pensions.
Mr. Springston moved that the disbursements be allowed. The motion was seconded
by Mr. Skelton, and upon roll call the following vote was recorded: "Aye"
Skelton, Logue, and Springston.
"Nay" none. There being three "Ayes" and no "Nays", the Chairman declared the
motion passed.
• The Treasurer distributed a Schedule of Investments to each Board Member.
Mr. Skelton reported that Ellis N. Poore, a retired fireman, had passed away.
Mr. Springston moved that Mrs. Ellis N. Poore be paid $125.00 a month, the
maximum allowed under State law, as the widow of a retired fireman.
The motion was seconded by Mr. Logue, and upon roll call the following vote
was recorded: "Aye" Skelton, Logue, and Springston.
"Nay" none. There being three "Ayes" and no "Nays", the Chairman declared
the motion passed.
Mr. Skelton reported that Orville Stout will not be able to report to work as
previously thought at the end of his 90 days temporary disability authorized
at the March 2, 1970 meeting.
Mr. Springston moved that Orville Stout's disability pension be continued at the
rate of $265.00 per month until a Doctor's Certificate is received stating that
Mr. Stout is able to return to work.
The motion was seconded by Mr. Logue, and upon roll call the following vote was
recorded: "Aye" Skelton, Logue, and Springston.
"Nay" none. There being three "Ayes" and no "Nays", the Chairman declared the
motion passed.
Mr. Skelton reported that the First National Bank of Fayetteville would pay 7$
interest on a $100,000.00 investment. Treasurer Tobin reported that the Republic
National Bank of Dallas would pay 8% interest on a $100,000.00 short term (less
than 30 days) investment.
There being no further business, Mr. Springston moved to adjourn. The motion was
seconded by Mr. Skelton and passed unanimously, whereupon the Chairman declared
the meeting adjourned.
ATTEST: APPROVED:
MARILYN MOOREISECRETARY WESLEY br. HOWE, CHAIRMAN
0
0
omen's Pension and Relief Fund
Snvings Certificates
Fr.yetteville Building and Loan,
Fayetteville, Arkansas
Fayetteville Building and Loan,
Fayetteville, Arkansas
Fi-Kst Faderc14-Say.i-ngs-and-Loan,
Fayettevi-11 e,-Ar-kansas
First Federal Savings and Loan,
Rogers, Arkansas
First Federal Savings and Loan,
Rogers, Arkansas
1-10-69
1-10-70
5.250% $
10,000.00
.7-12-68
7-12-70
5.250
53000.00
1-10-68--1-•1-0-70---5-.-23 0 3 °
—15-70M-00-
15; 0M 00-
1-12-68
1-12-68
1-12-70
5.250
10,000.00
7-13-68
�7-13-70
5.250
5,000.00
Date Interest
Fund Acquisition Maturity Rate
Ask
Firemen's Pension and Relief Fund Cont.
l Savings Certificates Cont.
f /F++�t-Federa-l-Sav-i�gs-ancl-L-oan,
fort-sm-i- A-rkensas
+ 'S-ta�i�d-Fn�dera-i-Sav-i•ngs-and-Loan,
JI For -t -Sm i -t -h ; -A r-ka �rsas—.
Superior Federal Savings and Loan,
Fort Smith, Arkansas
/ ReoOles-Fade-ra4-Savi-ng s--and-L-oa n ,
A1<ansas F%1 i t 1
United Savings and Loan,
j Fort Smith, Arkansas
J Springdale Savings and Loan,
Springdale, Arkansas
Benton County Savings -and Loan,
Bentonville, Arkansas
.Benton County Savings and Loan,
1 Bentonville, Arkansas
Harrison Federal. Savings and Loan,
Harrison, Arkansas
Harrison Federal Savings and Loan,
Harrison, Arkansas
Guaranty Savings and Loan.,
Harrison, Arkansas
•. Guaranty Savings and Loan,
Harrison, Arkansas
Liberty Savings and Loan,
Siloam Springs, Arkansas
First Savings and Loan,
Clarksville, Arkansas
First Federal Savings and Loan,
1 Russellville, Arkansas
�F r st Federa l-Savi ngsand-Loan,
64ttle-Roc-k;-A-rkans-es-
1 /Pelaslri-Feder-a-1 Sav=rugs-and-Loan,
L•i•t t 1 e.-Rooki-Arkansas
�6eF,moawaa-l-t-Lr-Feder-al--Sav+n9 s-and-•-L-oa n ,
L-.-�.,,'^ Rockz Ar-kansas-
Capital Savings and Loan,
Little Rock, Arkansas
Savings Account
First National Bank,
Fayetteville, Arkansas
Total Firemen's Pension and
Relief Fund
17J
Pa r
value
2-47-79--7.259 770 -1'5-1000�00
w-y-bg—to=t7-6g—� 29o- 265 +5-1999. 0
1-10-68
1-10-70
5.250
152000.00
3 v 1-5;000-oo
-1-1-5-
8-13-68
8-13-70
5.250
15,000.00
1-10-68
1-10-70
5.250
15,000.00
1-11-68
1-11-70
5.250
10,000.00
8-10-68
8-10-70
5.250
5,000.00
1-11-68
1-11-70
5.250
102000.00
1-11-68
1-11-70
5.250
5,000.00
1-11-68
1-11-70
5.250
10,000.00
1-08-69
1-08-70
5.250
52000.00
8-22-68
8-22-70
5.250
153000,00
4-14-69
4-14-70
5.250
15,000.00
4-14-69 4-14-70 5.250 15,000.00
6-04-69-12-3169-5-2505,000:00
v0 el ° 15 00( 90
8--}8-69-3--3-1•-7fl-5-250 � /3 aa���,00.-00
11-01.-69 6-30-70 5.250 10,000.00
2,415.85
_$__182 _$z
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