Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-07-21

fund is hereby created IN eities u Tug ~.
class. and the fund shall consist OF per
manent and general fund The permanent
fund shall be made up OF gifts ana legacies'
specifically given 70 said pefmansenl :, iu ~
la) Gifts and legacies not speciheaiiy
given to said permanent fund
tb) Interest derived from said perma-
fc) All moneys obtained by such other
methods of increment as may be daily ana
legally devised fer the increase OF said funa.
The general fund may be drawn upon, for
the purposes of this act by said board OF
trustees.
8 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,
ICED by law TO invest in. The board shal.
receive and consider all applications LOT
annuity under this act, shall determine the
amount if not otherwise provided and direct
payment OF the annuities. Whenever any
member OF the board shall cease 10 hoid a
position as a member of the board of school
directors or other managing body or as a
teacher in the public schools, his or her
membership In said board of trustees Shdil
thereupon cease.
s. rhe city treasurer she'll. ex-offcio be
the custodian Of said annuity and retire
ment fund, and shall make payments there
from he shall keep the hooks of account
concerning such fund, in such manner as
may be prescribed by said board of trus-
teeS, which books OF account snail always
be subject to the inspection of the board
Of trustees, any member thereof, ana
any contributing teacher. He shall ALSO
keep and truly account for all moneys, pref
Its and securities coming 10 his hands as
such treasurer, belonging to such FUND, ana
at the expiration of his term OF office snail
pay over. surrender and deliver TO his sue.
cessor all moneys, profits, securities. ana
other property Of whatever kind, nature, or
description which may be in his HANDS or
under his control as custodian aforesaid.
10. beginning with the monthly payment
of teachers salaries in November after the
first meeting of the board OF trustees afore-
Il n IA or hlls
managing body, SHALL reserve from the sal
airy of eaea teacher who has come under
the provisions OF this act, pursuant to au-
thority heretofore given and from every
monthly payment thereafter, for the period
of twenty i've years, or until the totai sum
OF I'VE hundred dollars is paid, the sum or
two dollars, and shall pay the sums so re-
served into the public school teachers an
yided.
H. 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 VINO
shah retire from the service OF the city
upon the recommendation of the board OF
trustees determined by majority vote, and
unceY the provisions of this act, ana be en-
tilted thereto. the sum OF four hundred doi,
lars annually provided, however, that IL
said annuity and retirement fund shall. at
any time be insufficient to make such pay
Iaents the amount in 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 III the public schools or
the city to which this act applies except
as herainbefore provided provided, how
ever, that should teacher who has taught
for fifteen years or more In any such city,
become incapacitated, having paid the
amount OF fifteen years contributions or
more, as herein provided the board OF trus-
tees may, In its discretion allow such teach
er, six months after he has ceased active
service in the school, upon a 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 incapacity become permanent and
should such teacher retire from the service
OF such city, the board of trustees may pay
Such annuity shall be St us nearly as prac.
ticable, as many twenty -ffths 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.
II. ALI annuities granted by the board
OF trustees or other managing body under
the provisions OF this act, shall be uni
form in amount except as otherwise pro-
vided.
10. 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
period OF four years or more may in adj
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 five hundred dollars is paid by such
teacher, whereupon all monthly payments
shall cease.
Il. Any contributing teacher who shall
retire voluntarily or inyoluntarily from the
service, not being in receipt of an annuity.
or being less than sixty-five years old, shall,
months
after date of his retirement, receive the
total amount paid by him into said fund,
and in case of the death of any contribute
Ing teacher, his heirs or Iegatees 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.
Is. Any member OF the teaching or super
yising. force who shall have attained the
age of sixty-fve years and who shall have
been engaged in the work of teaching or
supervision for period aggregating TWEEN
shall have been in the public schools of said
city, shall, If he or she desires to retire,
De entitled to receive, after retirement. out
an annuity of four hundred dollars per year,
IL the general fund shall permit this sum
to be paid to other retired members; other
wise he or she shall receive the same
amount as is permitted to be paid to the
other retired members
16. All annuities granted under the pro-
visions OF this act shall be exempt from
execution. attachments and punishment pro-
cess, and no annuitant shall have the right
to transfer or assign his or her annuity.
H. ALI 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 a
successful probation for four years, the
election or appointment shall be permanent
during efficiency or good behavior, provided
that teachers having taught four years or
IL 10 til Az
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, ba in
vestigated, heard and determined by the
board of school directors, whose action and
decision in the matter shall be final.
49, The term teacher" in this act shall
include all superintendent, 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 su-
perintendent, the assistant superintendent
and special supervisors.
10. If at any time the general fund de-
rived from the sources hereinbefore men
toned in this act, shall be found insult
cient to pay In full the annuities allowed
and due under the foregoing provisions Of
this act, 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
year by the teachers. as hereinbefore pro-
Vided.
Section g. Laws or parts of laws incon-
sistent with this act are hereby repealed
Section f. This act shall take effect and
be in force from and after its passage and
nuhlfea Hon