HomeMy WebLinkAbout1971-09-13 Minutes• MINUTES OF THE REGULAR MEETING
BOARD OF TRUSTEES
FIREMEN"S PENSION AND RELIEF FUND
September 13, 1971
The regular meeting of the Board of Trustees of the Firemen's Pension and
Relief Fund of Fayetteville, Arkansas, was held in the City Manager's Office
in the City Administration Building on Monday, September 13, 1971, at
4:30 P.M.
Present: Chairman Wesley M. Howe, Secretary LoVetta Moore, Treasurer
Patrick J. Tobin, Fire Chief Charles McWhorter, and Board Members: Paul
Logue, Harold Lee, Howard Boudrey, and Dean Harris.
Absent: None.
The minutes of the last regular meeting on August 2, 1971, copies of which
had previously been distributed to each of the Board Members, were approved.
Chief McWhorter reported that he had talked with City Attorney David Malone
and no decision has been reached by Burl Skelton relative to his retirement
and the two alternatives given him by this Board. Mr. Malone has indicated
that Mr. Skelton is in disagreement with him on the amount to be paid up
but that Skelton is checking with his attorney on this matter and Mr. Malone
expects a decision from him in the next 30 days.
• Following discussion by the Board, Chief McWhorter moved that the September
pension payment of $492.50 be approved for Burl Skelton but that this pay-
ment will be the last payment made to him in this amount until he indicates
to this Board which of the two alternatives he wants to take; (1) make up
the difference of his contributions, or (2) take the lower pension less
what he has been paid; and that the City Attorney be informed of this
decision so that he can relate this information to Mr. Skelton.
The motion was seconded by Mr. Lee, and upon roll call passed unanimously.
The Secretary presented the Authorization Form to pay the September pensions.
Mr. Harris moved that the disbursements be allowed. The motion was seconded
by Mr. Boudrey, and upon roll call passed unanimously.
Treasurer Tobin reported that there is approximately $25,000 in cash in
the checking account and suggested the Board consider investing some of it.
Following discussion by the Board, Mr. Logue moved that Treasurer Tobin
be authorized to invest $15,000 where it can draw 6% interest or better,
within Fayetteville.
The motion was seconded by Mr. Lee, and upon roll call passed unanimously.
There being no further business, Mr. Logue moved that the meeting be adjourned.
The motion was seconded by Mr. Harris and passed unanimously, whereupon the
Chairman declared the meeting adjourned.
• APPROVED: Z/" 4�_ ;tt�
Wesley, . Howe, Chairman
ATTEST:�%�
LoVetta Moore, Secretary