NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 689

SENATE BILL 430

 

 

AN ACT TO AMEND ARTICLE 1 OF CHAPTER 118 OF THE GENERAL STATUTES OF NORTH CAROLINA RELATING TO THE FIREMEN'S RELIEF FUND OF THE TOWN OF MORGANTON.

 

The General Assembly of North Carolina do enact:

 

Section 1. G. S. 118-7 is hereby amended by adding at the end of said Section a proviso which shall read as follows:

"Provided, that the Board of Trustees of the Morganton Firemen's Relief Fund duly appointed under Section 118-6, General Statutes of North Carolina, shall be required to pay over to the Board of Trustees of the Morganton Firemen's Supplemental Retirement System on July 1st of each year all sums entrusted to said trustees in excess of the sum of three thousand dollars ($3,000.00)."

Sec. 2. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3. This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 5th day of June, 1963.