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

-'0' CHAPTER $40, law LAWS OF 1908 l'0'
AN ACT to repeal section 925-1x OF the
statutes, and to create new section to
be numbered 925-xx, relating to q pub
lie school teachers annuity and retire
ment fund ia cities of the first class.
The people of the State OF Wisconsin, rep
resented in Senate and Assembly, do
enact as follows:
Section i. Section 92B-xx of the stat
utes is repealed.
utes a new section to be numbered section
925-xx and TO read: Section 925--xx. l.
The president of the board Of school d.
rectors, of the managing body, ex-Ot1cto,
two female teachers, not more than one Of
whom shall be q principal or vice-princtpal,
two male teachers not more than one of
whom shall be principal or yice-principGl,
and four members OF the board of school
directors of the managing body of the
schools in cities of the first class, are
hereby constituted a board of trustees OF
tirement fund to manage the same as here
matter directed. Said board shall be known
as the public school teachers annuity and
retirement fund trustees, and Its members
shall serve without pay
2. All teachers employed In the public
schools Of cities Of the hrst class, az the
time OF the organization OF said board OF
public school teachers annuity and retire
ment fund trustees, In such cities, desiring
to come under the provisions Of this act,
shall file a written application therefor
with the superintendent Of schools. the
clerk or secretary Of the school board. or
other managing body OF such schools, to
gether with written authority addressed to
the board OF school directors or other man
aging body authorizing said board or other
managing body to deduct from each month
IL salary due the applicant, the sum OF two
dollars and pay the same regularly into
the city treasury az part Of said annuity
and retirement fund "a herein provided.
3. One year after the first meeting OF
said board of trustees for organizing as
herein provided and forever thereafter, ey-
cry teacher desiring to enter the service Of
such city as teacher and not actually In
tn service of said city as teacher at the
time of the first meeting Of said board Of
trustees, before entering upon the duties
Of his booTs h ng may 70
body to sign q contract agreeing to servo
said city under the provisions Of this act
and accept the benefits derived under this
act as q part Of consideration for the Eerv-
ices so to be rendered.
4. When twenty-five or more teachers
In such schools shall have filed their aap-
plication az aforesaid, and otherwise fully
complied with the terms Of this act a meet
ing OF all the teachers who have made such
application may be called By I'VE or more
OF such teachers, who shall designate the
time and place Of holding such meeting, and
publish notice thereof at least once q week
for two successive weeks. IN a Newspaper
at such meeting. elect by ballot, one female
teacher, who shall hold Office as trustee
aforesaid. for term OF one year, one 10
tee for a term Of two years, one mails
teacher who shall hold ONCE as trustee for
a term Of one rear, and one male teacher
who shall hold Office for term of two
years and q majority Of ali the votes cast
shall be necessary In each cage for an cleo
ton.
j. Annually thereafter, at meeting duly
called by the board Of trustees of the public
school teachers annuity and retirement
fund, on the last Saturday OF September, one
female and one male teacher shall be elect
ed IN the same manner for a term Of two
years. At the next meeting Of the board
OF school directors or managing body, held
after the election OF such trustees as afore-
said, the board CT school directors or other
managing body in such cities, shall elect
board Of trustees, OF the public school
teachers annuity and retirement fund, for
the term OF one year, and two of their
number to be members Of said board Of
trustees for q term OF two years and an
nualfy thereafter at their first regular meet
ing held after the last Saturday Of Septem-
Der the board Of school directors or other
managing bodies Of schools In such cities,
shall elect two Of their members to be mem
bers of the board of trustees of the public
fund. for the term Of two years. Such
trustees shall hold Office until their success
sors are elected and qualified.
g. 4 majority Of the members OF said
hoard OF trustees hereby created shall con
business Such board Of trustees shall,
within ten days after the election of such
trustees. as hereinbefore provided, hold
meeting ard orga nize, By the election from
fheir members. Of q president, vtce-presi-
dent ard secretary. and mny adopt rules
81 order not inconsistent with this act In
case Of a vacancy, the board OF trustees
shall. within ten days after its occurrGnea,
Ill the same for the unexpired term.