NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 660

HOUSE BILL 1148

 

AN ACT TO MODIFY THE APPLICATION OF G.S. 118-5 AND G.S. 118-6 TO THE CITY OF FAYETTEVILLE.

 

The General Assembly of North Carolina do enact:

 

Section 1.  The governing body of the City of Fayetteville shall appoint the Treasurer of the City of Fayetteville to the Board of Trustees of the Local Firemen's Relief Fund of the City of Fayetteville as one of the two members which said governing body elects to serve on said Board of Trustees.

Sec. 2.  The Board of Trustees of the Local Firemen's Relief Fund of the City of Fayetteville shall elect the Treasurer of the City of Fayetteville as Treasurer of the Board of Trustees of the Firemen's Relief Fund.

Sec. 3.  The bond given by the City Treasurer as provided in G.S. 160-409.2 shall indemnify the Firemen's Relief Fund and the Firemen's Supplemental Retirement Fund of the City of Fayetteville.

Sec. 4.  The Board of Trustees of the Firemen's Relief Fund shall not elect a Treasurer and no bond shall be required by the members of the Board of Trustees.

Sec. 5.  The City Treasurer, upon receipt of funds from the Insurance Commissioner, shall deposit same in the Firemen's Relief Fund and/or the Supplemental Firemen's Retirement Fund.

Sec. 6.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 23rd day of June, 1971.