Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-08


fund snail be made up OF gifts and legacies,
specifically given to said permanent fund.
the general fund shall De made up of
(a) GIFTS and legacies not specifically
given 10 said permanent fund.
tbl Interest derived from said perma-
nent fund.
tc) All moneys obtained by such other
methods of Increment as may be duly and
legally devised for the increase of said fund.
The general fund may be drawn upon for
the purposes of this act BY said board OF
trustees.
5. Said board shall have control of the
annuity and retirement fund and the invest
ment thereof. investing the same only in
such securities as savings banks are author
lied by law to invest in. The board shall
receive and consider all applications for
annuity under this act, shall determine the
amount il not otherwise provided and direct
payment OF the annuttles. Whenever any
member of the board shall cease to hold y
position as member of the board Of school
directors or other managing body Or as a
| teacher In the public schools, lis or heE
/ membership IN said board of trustees shall
! thereupOl cease.
.. The city treasurer shall. ex-ofhcio be
| the custodian Of said annuity and retire
ment fund, and shall make payments there
! from; he shall keep the books of account
concerning such fund, in such manner as
may be prescribed by said board of truS-
| be subject to the inspection OF the board
| Of trustees, or any member thereof, and
any contributing teacher He shall also
keep and truly account Tor all moneys, prof
| Its and securities coming TO his hands rs
| such treasurer. belonging to such fund, and
! at the expiration Of his term OF Office shall
pay over, surrender and deliver to his sue
| ceSsor all moneys, profits, securities. and
! other property Of whatever kind, nature, or
| description which may be In his hands or
! under his control us custodian aforesaid.
10. beginning with tho mentally payment
| of teachers salaries in NOvCmEyr, after the
! first meeting OF the board OF trustees atcre-
! said, the board of school directors, or other
managing body, shall reserve from the sal
! AIRY Of each teacher who has come under
| the provisions of this act, pursuant to au-
| thOftty heretofore given, ana from every
| monthly payment thereafter, for the period
/ OF twenty five years, or until the total sum
| Of five hundred dollars is paid, the sum OF
! two dollars, and shall pay the sums re
| served into the public school teachers an
! nuity and retirement fund as herein pro
videG.
! IL. The city treasurer. upon the order of
! warrant of the board of trustees shall pay
! out Of said annuity and retirement fund, in
monthly payments to each teacher who
! shall retire from the service of the city
| upon the recommendation of the board OF
! trustees determined by a majority vote, and
under the provisions of this act and be en-
! Titled thereto, the sum of four hundred dol
! lars annually; provided, however, that If
said annuity and retirement fund shall nj
any time be insufficient To make such pay
ments, the amount ia said fund during said
period shall be prorated among the par
! ties entitled thereto, but In no case shall
any teacher receive such annuity until he
| has taught twenty-five years, and for at
! least fifteen years In the public schools of
the city to which this act applies, except
| as hereinbefare provided provided how
| ever, that should a teacher who has taught
for fifteen years more in any such city,
! become lncapacltated, having paid the
! more, as herein provided the board Of trus-
! tees may, in Its discretion allow such teach.
err. six months after he has ceased active
! service In the school, upon certificate of
! such inCapacity furnished by the attending
! physician and by physician employed by
! the board of trustees, an annuity, the
| amount Of which shall be determined by the
| board of trustees, and such annuity shall
| cease when the incapacity ceases Should
| such incapecity become permanent and
should such teacher retire from the service
of such city, the board OF trustees may pay
| to such teacher a proportionate annuity.
Such annuity shall be as nearly as prac-
| ticable, as many twenty dfths of the full an.
| nuity provided in this section as the years
! OF service of such teacher IN said city are
a party Of twenty-five.
L. All annuities granted by the board
! of trustees other managing body under
! the provisions of this act, shall be uni
form in amount except as otherwise pro
! vidGd.
! 13. No annuity shall be paid to any
teacher until such teacher shall have con
! tributed to the general fund sum equal
! to all the assessments for twenty-five years
to-wit FIVE hundred dollars, except as here
| in otherwise provided. Any contributing
| teacher who has taught in said city for
! period of four years or more may in ad
! dition to the monthly payments provided by
section five, pay into the city treasury as
! a part of said funds in sums Of ten dollars
! or any multiple thereof, until the entire
sum OF Eve hundred dollars is paid by such
| teacher, whereuQon all monthly payments
| shall cease.
IA Amy contributing teacher who shall
retire voluntarily or lnVoluntariy from the
| service, not being In receipt Of an annuity
! or being less than sixty-hve years old, shall
| II application Is made within three months
| after date Of his retirement, receive the
| total amount paid by him into said fund
and In case Of the death of any contribut-
| ing teacher, his heirs or legatees shall be
| entitled TO receive the total amount paid
| by such teacher into said fund, upon appli.
| cation therefor within three months after
! the date of death, and upon proof Of death
and upon said claim made to the satisfac-
| ton Of said board Of trustees.
| 10 Any member of the teaching or super
| vising force who shall have attained the
! age of sixty.ive years and who shall have
| been engaged in the work Of. teaching or
| supervision for period aggregating TWEEN
| ty-ive years, at least fifteen years Of which
| shall have been In the public schools OF said
| city. shall, il he she desires 10 retire
| be entitled to receive, after retirement, out
! Of tn tea chers' annuity and retirement fund
an annuity of four hundred dollars per year
! II the general fund shall permit this sum
TO be paid to other retired members other.
ether retired members.
| 1G All aunuities granted under the pro.
! visions Of this act shall be exempt from
| execution, attachments and garniBhment pro.
cess, and no annuitant shall have the right
to transfer or assign his or her annuity.
| II All elections or appointments OF
| teachers by the board of school directors or
| other managing bodies in cities of the first
! class shall be on probation, and after q
| successful probation for four years, the
| election appointment shall be permanent
! during efficiency good behav iOr, provided
| that teachers having taught four years OF
| more IN cities to which this act applies shall
| be deemed to have served their term OF
probation. No teacher who has become per
| manently employed as herein provided by
| reason Of four or more years Of continuous
| service, shall be discharged, except for cause
upon written charges which shall after ten
| days written notice thereof TO such teacher
| upon such teachers written request, be In
| vestigated, heard and determined by the
| board Of school directors, whose action and
| decision In the matter shall be final
| 1s The term teacher" In this act shall
| include all superintendents, principals, SUI
| pervisors, and regular instructors employed
| in the public schools Of cities of the first
| class, provided, however, that nothing here
| in contained shall be taken to effect the
| election, appointment or tenure OF the al.
| perlntendent, the assistant superintendent
] and special supervisors.
| 10. II at any time the general fund de
| rived from the sources bereinbefore men
| toned In this act, shall be found Insult
| cient to pay In full the annuittes allowed
| and due under the foregoing provisions of
| this net, then the board Of school directors
| shall pay Into the public school teachers
| annuity and retirement fund out of the
| school fund assessed, levied, and collected
| from the taxable property Of such city for
! general school purposes, sum not to ex-
! coed one per cent. OF the gross amount
| thereof and in no case exceeding In any
| one year the amount paid into the annuity
| and retirement fund during the preceding
| yided
| Section s. Laws or parts Of laws incon-
| 5iEtent with this act are hereby repealed.
! Section d. This act shall take effect and
| be IN force from and after Its passage and
publication.