NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 672

HOUSE BILL 900

 

 

AN ACT TO AMEND SECTION 118-7 OF THE GENERAL STATUTES OF NORTH CAROLINA RELATING TO THE DISBURSEMENT OF FIREMEN'S RELIEF FUNDS IN THE TOWN OF BLACK MOUNTAIN.

 

The General Assembly of North Carolina do enact:

 

Section 1. Section 118-7 of the General Statutes of North Carolina is hereby amended by adding at the end thereof the following:

"(5)      To provide for the purchase of group life insurance, group accident insurance, group accident and health insurance, or any similar insurance in the nature thereof, on the members of the fire department for whose benefit said funds are administered by the board of trustees, and to pay the premiums thereon from funds received from the Insurance Commissioner pursuant to the provisions of G. S. 118-5 and from interest or accruals thereon earned by the board of trustees through investment of such funds, thereby providing proceeds of insurance on said members in the event of death, sickness or accidental injury, whether resulting from service rendered as a member of such fire department or from natural causes, accident or disease."

Sec. 2. This Act shall apply only to the Town of Black Mountain.

Sec. 3. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4. This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 21st day of May, 1965.