Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-08-13

rhe geaeraI fund shall be made UP of
ta) Gifts and leg8c.es not specifically
given 70 said permanent fund
lbi Interest derived from said perma-
nent fund,
lc) All moneys obtained by such other
methods OF increment rs may be duly and
legally devised tor the Increase of said fund
The general fund may be drawn upon for
the purposes Of this act by said board OF
5, Said board shall have control of the
annuity and retirement fund ana 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 if not otherwise provided and direct
payment OF the annuities. Whenever any
member OF the board shall cease 10 hold
position as a member of the board of school
directors or other managing body CT as
teacher in the public schools, his or her
membership In said board OF trustees shall
thereupon cease.
o The city treasurer shall, ex-of1cio, be
the custodian of said annuity and retire
ment fund, and shall make payments there
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. He shall also
keep and truly account for all moneys, prot
it's and securities coming 10 his hands as
such treasurer, belonging to such IGnd, 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 mcnthly 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
the provisions of this act, pursuant to aU-
thority heretofore given. and from every
mODthiC thereafter
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 so re.
served into the public school teachers an
vided.
II 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 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
the city to which this act applies, except
as herenbefore provided; provided, how
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 certificate of
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
to such teacher a, proportionate annuity.
Such annuity shall be as nearly as prac-
ticaable, as many, twenty -hfths of the full an
of service of such teacher in said city are
a party Of twenty-five.
II, 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 as otherwise pro-
vided.
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
in otherwise provided Any contributing
teacher who has taught in said city for
a 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 sid funds in sums of ten dollars
or any tlpie thereof, until the entire
teacher, whereupon all monthly payments
shall cease
IA. Any contributing teacher who shall
retire voluntarily or inyoluntarily from the
service. not being In receipt of an annuity,
or being less than sixty-fve years old, shall,
if 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
by such teacher into said fund, upon appli-
cation therefor within three months after
the date of death. and upon proof of death
tion of said board of trustees.
IS. Any member Of the teaching or super
vising, 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 9 9sriod aggregating twen,
shall have been in the public schools of said
city, shall, If he or she desires to retire,
be entitled to receive, after retirement out
tn n6eT Of
If 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.
10. All annuitieS granted under the pro-
visions of this. act shall be exempt from
execution, attachments and garntshment pro-
cess, and no annuitant shall have the right
to transfer or assign his or her annuity.
Al or or app" OF
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
service, shall be discharged, except Tor cause
upon written charges. which shall after ten
days written notice thereof to snch 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
H. The term teacher in this act shall
include all superintendent, principals, su.
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.
49, If at any time the general fund de-
rived from the sources hereinbefore men
toned in this act Shall be found INSULT
cent to pay In full the annuittes allowed
and due under the foregoing provisions Of
this act, then the board Of school directors