HomeMy WebLinkAbout1975-04-07 Minutes•
MINUTES OF A MEETING OF THE FIREMEN'S PENSION AND RELIEF FUND
April 7, 1975
The regular monthly meeting of the Firemen's Pension and Relief Board was
held April 7, 1975 at 4:30 p.m. in the City Manager's Office.
PRESENT: Donald L. Grimes, Chairman; Pat Tobin, Treasurer; Darlene
Westbrook, Secretary; Charles McWhorter, Fire Chief; and
Pension Board members Howard Boudrey, Don Miller, Ronald
McArthur, and Dean Harris
ABSENT: None
The meeting was called to order by Chairman Grimes after which Charles
McWhorter introduced newly -elected Board members Dean Harris and
Howard Boudrey to replace Larry Poage and N. D. McChiristian respectively.
Following roll call, the minutes of the March 3, 1975 meeting were con-
sidered for approval. There being no corrections or additions necessary,
Charles McWhorter, seconded by Ronald McArthur, motioned that they be
approved as submitted. In voice vote of the Board the motion passed
unanimously.
A motion by Don -Miller to approve the April pension list was seconded by
• Charles McWhorter and unanimously passed in voice vote of the Board.
Treasurer Pat Tobin informed the Board that a $26,000 Certificate of
Deposit would mature April 18 at the Mcllroy Bank. He advised the Board,
that, if the CD were self -renewing, it would be best to retain the CD at
the present interest rate. If not self -renewing, Mr. Tobin advised that it .couid
would be best to invest the money for a short period because of poor interest
rates. Charles McWhorter motioned that the treasurer be authorized to take
necessary action on the CD and, if necessary, that the CD be reinvested for
a short period of time. The motion was seconded by Dean Harris -and was
unanimously approved in voice vote of the Board.
Charles McWhorter reported that he was in the process of collecting• -pension
fund contributions from part -paid firemen for the year 1974. (Note': These
contributions were received April 11, 1975.)
There being no further business for the Boards consideration, Howard Boudrey
motioned that the meeting be adjourned. Seconded by Ronald McArthur, the
motion passed in unanimous voice vote of the Board
APPROVED:
•ATTEST: onald L. Grimes Chairman
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Darl a Westbrook, Secretary