River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1909-07-15

fund shall be made up Of gifts aud legacies.
speelhealiy given TO said permanent fund
The general fund shall be made up OF:
tal Gifts and leEacies not specifically
given to said permanent fund
tbl Interest derived from said perTna-
(e) 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
s. 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,
receive and consider ali applications I Cation for
annuity under this act, shall determine the
amount II not otherwise provided and direct
payment of the annuities. Whenever any
member OF the board shall cease to hold u
position as q member OF the board of school
directors or other managing body or as q
teacher IN the public schools, his or her
membership in said board of trustees shall
thereupon cease.
0. The city treasurer shall. ex-otacio, 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-
tees, which books OF account shall always
be subject TO the inspection OF the board
OF trustees, or any member thereof, and
any contributing teacher. lie shall also
keep and truly account for all moneys, prof
it's and securities coming to his hands as
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 as custodian aforesaid.
10. Beginning with the monthly payment
OF teachers salaries in November, after the
first meeting of the board of trustees afore-
said, the board of school directors, or other
managing body, shall reserve from the sal
airy of each teacher who has come under
nf dc nrf M tn an
thority heretofore given, and from every
monthly payment thereafter, for the period
{esps 1s Hn1 the tb total snm sum o
two dollars, and shall pay the sums so re-
served into the public school teachers an
nuity and retirement fund as herein pro-
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 II
said annuity and retirement fund shall at
any time be insufficient to make such pay
ments, the amount In said fund during said
period shall be pro'rated 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
Il
as hereinbefore provided provided, how
ever, that should a teacher who has taught
for fifteen years or more In any such city,
become incapacitated, having paid the
more, as herein provided, the board of trus-
tees may. In Its discretion allow snch teach
er, 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
Should such teSchep retre from the service
of such city, the board Of trustees may pay
g such tea, teacher proportIonate annuity.
ticable. as many twenty fths of the fun 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 or other managing body under
the provisions of this act, shall be uni
form In amount except a. otherwise pro-
IS. No annuity shall be paid to any
teacher until such teacher shall have con-
to al the assessments for twenty-five years,
to-wit: five hundred dollars, except as here
in otherwise provided. Any contributing
a period of four years or more may In ad-
dition TO the monthly payments provided by
section five, pay into the city treasury as
u
or any multiple thereof, until the entire
sum of FIVE hundred dollars Is paid by such
teacher, whereupon all monthly payments
a. Any contributing teacher who shall
retire voluntarily or inyoluntar ily from the
service, not being In receipt Of an annuity,
IS made With three
after date of his retirement, receive the
total amount paid by him into said fund,
and In case of the death of any contribute
he
entitled to receive the total amount paid
by such teacher into said fund, upon appli-
cation therefor within three months after
the da'e 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-hve years and who shall have
been engaged in the work of teaching or
supervision for a period aggregating TWEEN
ty-fye years, at least fifteen years OF which
shall have been In the public schools Of said
city, shall. IL he or she desires to retire,
Of tn teachers annuity and retirement fund
an annuity Of four hundred dollars per year,
II the general fund shall permit fhis SUM
wise he or. she shall receive the Same
AMOUNT as Is permitted to be paid to the
other retired members.
49, All annuities granted under the pro-
visions OF this act shall be exempt from
execution. attachments and garnishment pro-
cess, and no annuitant shall have the right
to transfer or assign his or her annuity. :.
teachers by the board Of school directors or
other managing bodies in cities of the first
class shall be on probation, and after
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
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
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
49, 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
election, appointment or tenure Of the sd.
perintendent, the assistant superintendent
and special supervisors.
49, If at any time the general fund DO
rived from the sources hereinbefore men
TONED in this act. shall be found insum:.
Client 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
frofh the taxable property Of such city for
general school purposes sum not 70 an.
coed one per cent. Of the gross amount
thereof and In no case exceeding IL any
one year the amount paid into the annuity
year By the teachers. as hexeinbsfore pro-
Section 8. Laws or parts Of laws incon-