HomeMy WebLinkAbout1977-03-07 MinutesMINUTES OF A MEETING OF THE FIREMEN'S PENSION
AND RELIEF FUND BOARD
March 7, 1977
The Firemen's Pension and Relief Fund Board met on March 7 ., 1977 at 4:30
p.m. in the City Manager's Office.
PRESENT: Chairman Donald Grimes; Treasurer Pat Tobin; Secretary Darlene
Westbrook; and Board members Chief Charles McWhorter, Marion Doss
Dennis Mullens, and Howard Boudrey
ABSENT: Dean Harris
The meeting was called to order by Chairman Grimes. Minutes of the January 31, 1977
meeting had been distributed to members prior to the meeting. Dennis Mullens,
seconded by Marion Doss, moved the minutes be approved as submitted. The
motion carried unanimously.
Marion Doss, seconded by Howard Boudrey, moved the March pension list be
approved. The motion carried unanimously.
Chief McWhorter submitted $32.88 to the secretary which he had collected from
part -paid firemen for 1976 pension contributions.
The treasurer reported that no investments needed
that, of $23,000 cash on hand, $14,000 be invested
certificate of deposit held by Northwest National
6.20%. He said the bank may offer to increase the
creased amount. Howard Boudrey, seconded by Charl
Treasurer be authorized to invest the $14,000 in a
beneficial to the fund. The motion carried unanim
to be made. He did recommend
with a current $17,000
Bank at an interest rate of
interest rate for the in -
es McWhorter, moved the
manner which would be most
ously.
There being no further business, Chief McWhorter, seconded by Boudrey, moved
the meeting be adjourned. The Board concurred and the Chairman adjourned the
meeting.
APPROVED:
D nald L. Grimes, Chairman
ATTEST:
Ilene Westbrook, Secretar,
4fiCR
REEL Of\ 1980