The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1907-10-10
City Council to be Asked to Adopt
the New Law for Pensions
for Firemen in the City
PENSIONS Fer LONG SERVICE
Fund Will Also Be Used To Care for In
jured Firemen and Their Wives
and Children-Firemen to
Aid in Raising Funds

noshd nre department is to be created
by act of ordinance of the common
council. This pension fund will be
separate and distinct from the Fire
mems Relief association org anized al
most twenty years ago and which has
large amount of money in It's
treasury or loaned out on gilt edged
security.
An ordinance will be presented to
the common council at the next meet
ing providing that there shall be set
apart and retained by the city treas
urer, one half of all sums collected or
received by the treasurer under the
requirements OF any law of this state
or of the city charter relating to and
providing for the taxation of fire com
panies or it's agents. There shall be
deducted from the monthly pay of
each member of the fire department a
sum equal to one per cent of such
monthly pay which shall be added to
such, also all moneys deducted for
time lost by members on account of
sickness and also all fines imposed up
on members for the violation of the
rules of the department.; there shall
also be paid and added to such fund
any and all moneys and property of
every nature devised, bequeathed or
donated thereto.
The mayor, treasurer, city clerk,
chief of the fire department and three
n c+iuo r41oY,1 horc 0f +Lo Sec dopa rt417nn+
of the city of Kenosha shall constitute
and be the board of trustees of the
fremen's pension fund of the city of
Kenosha. On or before the 10Th day
of October, A. D., 1907, three MEM
bers from the fire department of the
city of Kenosha shall be elected as
members of the board. Each mem
Der of the fire department shall be en-
titled to vote for such three members
of the board upon one ballot and the
three candidates receiving the high
est lumber of votes shall be elected.
The three members so elected shall
hold their Office till such time as their
successors have been elected and
qualified in accordance with the pro-
visions of the revised statutes of the
state of Wisconsin.
The city treasurer shall be ex.ofi clio
treasurer of said board and shall be
custodian of said fund and shall give
a bond. The board shall have ex.
elusive control and management of
the fund mentioned and all moneys
donated, or otherwise accumulated,
and the board shall make all needful
rules and regulations for it's govern
.ment and the discharge of its duties
and for the control of such fund, and
shall hear and decide all applications
for pensions under the ordinance.
All rewards In moneys, fees, gifts,
or emoluments, that may be paid or
given for or on account of any SER
vice of the FIRE department, or any
member thereof, except when allowed
to be retained by said member by
resolution of said board, or given to
endow a medal or other permanent
competitive reward, shall be paid into
said fund and constitute part there
of. The board may take any grant,
gift, devise or bequest, any money,
real estate, personal property, right
of property or other valuable thing,
the amount or value of which shall
not exceed fifty thousand dollars. All
such money shall be paid into such
pension fund and be treated as part
thereof, from any source. It shall be
retained as permanent fund, and
thereafter the annual income there
from, in addition to the other sums
received for said purposes, shall
be available for the use and purposes
OF such pension fund. Until such
fund shall amount to the amount of
$4,000, the principal and interest
therefrom may be used for the pay.
ment OF pensions provided for by the
law OF the state of Wisconsin, but
after the fund reaches $4,000 only
the income may be used.
The board shall have power to draw
such pension fund from the city treas
nrer and may invest such fund or any
part thereof, in the name of the board,
IN interest bearing bonds of the United
States or Of the state of Wisconsin,
or OF any county, township, or mu-
nicipal corporation of said state,
and all such securities taken upon
any such investment shall be deposit
ed with the city treasurer. The inter
est received from any such invest
ment of funds, after said funds shall
have reached the sum of $50, 900, shall
be applicable to payment of pensions
as provided by law. The pay
ment of pensions shall be made in the
manner and according to the provi.
sions of the laws of the state of Wis.
consin.