0177 ORDINANCE NO.
AN ORDINANCE CREATING AND ESTABLISHING BOARD OF TRUSTEES OF THE
POLICEMEN'S PENSION AND RELIEF FUND OF THE CITY OF JACKSONVTTX.F,
ARKANSAS.
WHEREAS, an election was held on July 19, 1966, at which
the qualified electors approved the levy of a tax of one-half
mill on the assessed valuation of all taxable property within the
City of Jacksonville, Arkansas, for the purpose of establishing
the Policemen's Pension and Relief Fund; and
WHEREAS, the Arkansas Statutes requre that a Board of
Trustees be established by the City Council to administer such
fund;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF JACKSONVILLE, ARKANSAS, That:
SECTION 1. That the Board of Trustees of the Policemen's
Pension and Relief Fund be and the same is hereby created and
established.
SECTION 2. That the Board of Trustees of the Policemen's
Pension and Relief Fund shall consist of five (5) members composed
of the following:
1. The Mayor of said city, who shall be Chairman of the
Board;
2. The City Treasurer of the said City, who shall be the
treasurer of said fund;
3. A member of the Police Department elected by the two
formerly named members of the Board, who shall serve as Secretary
of the Board;
4. The formerly named three members shall select two other
members, one of which shall be a reputable physician, who shall
represent the said Board of Trustees in the examination of any
member of the department upon a claim of disability; and
5. The fifth member shall be a reputable citizen and shall
not hold any public office.
Each member of the said Board so selected shall serve for a
period of two (20 years, or until his successor is elected and
qualified.
SECTION 3. That it shall be the duty of the said Board to
exercise the absolute authority, control and management of the
monies of the Policemen's Pension and Relief Fund in accordance
with the Arkansas Statutes governing the same, as enacted by
the General Assembly of the State of Arkansas in Act 250 of 1937,
and all additions and amendments thereto.
That this Ordinance shall be in full force and effect from
and after its adoption.
Approve and adopted this day ofAugust, A.D., 1966.
MAYOR
ATTEST:
City Clerk