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HomeMy WebLinkAboutOrdinances - O-68-38.50 - 05/27/1968 - Establishing Police Pension BoardAN ORDINANCE ESTABLISHING A BOARD OF TRUSTEES OF THE POLICE PENSION FUND OF THE CITY OF McHENRY, ILLINOIS WHEREAS, the statutes of the State of Illinois, Chapter 108z, Section 3-101, et seq. , require that all municipalities having a population! in excess of Five Thousand (5, 000) inhabitants create a police pension fund, as such fund is defined and regulated in the Chapter and Section aforesaid, and WHEREAS, a certified U. S. Governmental census has recently `I established the population of the City of McHenry to be Five Thousand ! �! Nine Hundred Forty-three (5, 943). NOW, THEREFORE, BE IT ORDAINED by the Mayor and City �j Council of the City of McHenry, Illinois, as follows: l SECTION 1. There is hereby created a Board of Trustees of the Police Pension Fund of the City of McHenry, as provided and required by statute. it I SECTION 2. The Board of Trustees of the Police Pension Fund of the City of McHenry shall be composed of five (5) members, a majority of whom shall be residents of the municipality. Two (2) members of this Board shall be appointed by the Mayor of the City, two (2) members of the Board shall be elected by and from the regular police force of the active members thereof, and the fifth (5th) member shall be elected by and from among the beneficiaries of the Fund. One of the Board members appointed by the Mayor shall serve for one (1) year, beginning on the 2nd Tuesday in May, 1968. The other appointed member shall serve for two (2) years (I beginning on the same date. The successors to the first two (2) members appointed shall serve for two (2) years each from the effective date of I� their appointment. I The election of two (2) Board members from the active police force shall be held biennially `i & KINNE JRNEYS 3..1 W. ELM STREET McHENRY. IL LINOIS I �I CERT. OF PUBLICATION ATTACHED TO ORIGINAL & KINNE rORNEYS 3431 W. ELM STREET MCHENRY, ILLINOIS on the 3rd Monday in April at the City Hall and shall be by Australian ballot and such other regulations as shall be prescribed by the appointed members of the Board. The police shall be entitled to vote only for the members coming from the active police force, and such members that are elected serve for a period of two (2) years thereafter, beginning on the 2nd Tuesday of May, 1968. The election of the member representing the beneficiaries shall be held biennially on the 3rd Monday in April and all beneficiaries of legal age shall be entitled to vote, but only for the member chosen from among them. Such member shall serve for a term of two (2) years, beginning on the 2nd Tuesday of May, 1968. In the event of the death, resignation, or inability to act of any elected Board member, a successor shall be elected for the unexpired term at a special election to be called by the u Board. SECTION 3. SECTION 4. The members of the Board of Trustees of the Police Pension Fund shall have such qualifi- cations as are now, or may hereafter be, required of them by law. The members of the Board of Trustees of the Police Pension Fund shall be subject to removal from office in the same manner as other officers of the City. The Board of Trustees of the Police Pension Fund shall have such powers and duties as are now, or may hereafter be, given to it under the applicable provisions of Chapter 108z of the Illinois Revised Statutes, Section 3-101, et seq. SECTION 5. The Board of Trustees of the Police Pension Fund shall hold regular quarterly meetings on the 2nd Tuesday of July, October, January, and April in each year, and such special meetings as may be called by the President. The officers of the Board shall be selected from its members at the regular July meeting and each officer shall serve for a period of one (1) year thereafter. - 2 - SECTION 6. No member of the Board of Trustees shall have any right to receive any money, or monies, from the Pension Fund as salary for services performed as such member, although the expenses of conducting the Board's business may be paid from monies held in the Fund if so authorized by the Board. SECTION 7. SECTION 8. ATTEST: That all ordinances in conflict herewith be and the same are hereby repealed. That this Ordinance shall be in full force and effect from and after its passage, approval and publication, according to law. Passed and approved this 15th day of January, 1968. City Clerk Mayor Voting Aye: Bolger, Etten, Hromec, Huck, Jackson, Pitzen, Rogers, Smith, Wegener. Voting Nay: None. Absent: None. ')ZE & KINNE .TTORNEYS 3431 W. ELM STREET McHENRY. ILLINOIS - 3 -