Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1911-08-09

W. CHAPTER 823, LAWS OF 1911.
AN ACT to create sections 46O-l to 400
20, inclusive, of the statutes, re-
Iating to the teachers insurance and
retirement fund.
The people of the State of Wisconsin,
represented in Senate and Assembly,
do enact as follows:
Section 1. There are added to the
statutes twenty new sections TO reao!
Section 460-1. 1. There is created
fund, which shall be managed by
board of trustees to be known as the
board of trustees of the teachers IN
surance and retirement fund. Such
board shall consist of five members.
The state treasurer and the state super
intendent of public instruction sha!I pc
ex-Officio members of said board; three
members, one of whom shall be Wo-
man, shall be elected by the members
OF the teachers insurance and retire
Der may be a retired member OF the fund.
No teacher shall be elected as a member
of the board Of trustees by the mem
| bers of said fund, who is not q mem
| Der of said fund at the time of election.
| The term of office of elective mem berS
| of s. id board Of trustees shall be three
/ years, except as provided in subsection
| 8 Of this section, and shall begin on
| the first day of January, next succeed
| ing after such election takes place, pro
| vided that the elective members of
the IIrSt board OF trustees shall assume
office Immediately after their election.
! 2. At the time and place of meeting
/ Of the Wisconsin state teachers assoc
! citation for the year 1911, those teach
! ers described in and Complying with
| section 460-S shall be qualified to meet
/ for the purpose of electtng from such
/ qualified teachers members of the
/ board Of trustees of the teachers in
! surance and retirement fund, as herein
provided.
8. The teachers qualified, as herein
| provided, shall at the annual meeting
| for 1911 elect as members of the board
| Of trustees, as herein provided, one
I rNee1 fFngra han rf
! enc male teacher for a term of two
Years, and one female teacher for
| term of three years; and annually
| thereafter. at the time and place of
| meeting of the Wisconsin state teach
| erS' association, the board of trustees
| shall call meeting of the members of
| the fund for the purpose of electing
! members of the BOARD Of trustees, Of
! making the annual report of said fund,
| and for the transaction of such other
| business as may pertain to the interests
| of the fund.
4 In case any vacancy occurs among
the members of the board elected at
! the annual meeting of said members of
| the fund, said board shall fill said va
1 cancy until the next annual meeting
of the members of the fund, when said
/ members at said annual meeting shall
! elect a trustee for the uneXpired term.
| .. In the interval of time between
| the passage of this act and until the
/ elective members of the first board of
! trustees assume office, as provided in
! subsection l of this section, the state
/ superintendent of public instruction
and the state treasurer shall constitute
temporary board of trustees of the
/ teachers insurance and retirement
/ fund. Said temporary board shall ac-
| count for all its transactions pertaining
i to the fund in the same manner as the
| said hoard of trustees.
/ Section 400. Said board of trus--
| tees shall organize by the election of
a president. The state treasurer shall
be -OfficiO treasurer of said board
and shall receive and make payments
Il a col slc. IN, he
same manner as for other state funds
Said board may employ a secretary to
be chosen for such a term as shall be
determined by said board. Said Secre-
tary shall perform such duties in con-
nectiOn with the teachers insurance
and retirement fund as may be pre-
Section 46O-S. Said board shall meet
during the month of September of each
year at its office at a time TO be fixed
by the board and at any other time on
the call of the president or any two
members thereof. Said board may adopt
rules for the government Of its meet
lngS and for membership I'm the fund,
payments thereto and therefrom, and
for other matters which will he calcu-
lated to aid teachers in securing the
Section 400. Members of said
/. board shau receive no compensation
except their necessary travelling eXpen-
SeS incurred in attending the meetings, |
to be paid from the teachers insurance
and retirement fund upon the certifi-
Sate OF lHs preSlqent and secretary; /
put II the board shall elect one of its |
members secretary, such member shall
receive compensation for services rend-
cred as secretary. The secretary of !
said board shall receive a salary to be /!
fixed by the board. at an amount not ]
to exceed twelve hundred dollars ner /
annum. The compensation of the sec /!
rotary and any other necessary expen- !
ses incurred by said board in Carving I
out the provisions of this act shall be I
paid from the fund.
Secfion 46O-5. Said hoard sba1I hove
charge of the fund and shall Invest
the same under the same conditions as +
the trust funds OF the state may be /
- section 1865. Said board shall re-
mort annually as of the year ending the /
first day of September. A copy of said /
report shall be transmitted to the an