Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-08-22

No. 4O7. Al Published June "a, 1913.
CHAPTER 54S, LAWS OF 1913.
AN ACT-ro amend sections 1, and
of chapter 81, laws of 1907, and to add
q section to be known as section 10a,
relating to a pension fund for members
of the fire department in cities OF the
first class. -
The people of the State of Wisconsin.
represented in Senate and Assembly. do
enact as follows:
Section l. Sections /, and of chap
ter ST. laws of 1907, are amended to read:
Section l. Section / to II, inclusive, of
chapter 165, laws of 1893 as amended by
chapter 800, laws Of 1905, is amended TO
read as follows: Section /. In all cities
of the first class within this state
all sums collected or received by the
treasurers of such cities, under require
ments of the charters of such cities re-
lating to and providing for the taxation Of
fire insurance companies or agents, shall
be and the same are hereby set
apart and constituted a firemens pension
fund in the hands of the treasurers OF
such cities for the purpose OF penslonlng
the hereinafter described disabled and Su-
perannuated members of the fire depart
ment and their beneficiaries hereinafter
mentioned. The city council and comp
troller of said city shall set apart said fund
for such purpose. All members Of such
fire department may come IN under TINS
act as amended by acquiescence therein or
payments made hereunder and there
after their rights shall in all respects be
governed by the provisions hereof.
Section S. All rewards in moneys. fees.
gifts or emolumentS that may be paid or
given for or on account of any service
of said fire department, any member
thereof except when allowed to be re-
tanned by said member by resolution or
said board, or given to end0W medal or
other permanent competitive reward shall
be paid into said fund The said board
may take by grant, gift, devise or be-
quest, any money, real estate, personal
property, right of property. or other val
uahle thing the annual income or which
shall not exceed one hundred thonsans
dollars in the whole. And said money
real estate, personal property, right or
property, or other valuable thing so OBJ
tanned shall be paid into said pension
the use of said fund; provided, That
when the sum of -" three hundred
thousand dollars has been accumulated in
said fund over and above all moneys paid
out for benefits, it shall be retained as
permanent fund and thereafter the an
nual income therefrom may be made
available for the use and purposes OF SUCK
pension fund.
Section Z. The interest received from
any such investment OF funds, after said
fund shall have reached the sum or
three hundred thousand dollars, shall be
applicable to the payment Of pensions
under this act And when such interest
shall become applicable, it shall be COM
petent for the council Of such city to al.
minish such annual sum received
from the tax on fire insurance COM
panies or agents, but not go that said
income from said tax, together with the
other funds mentioned in this act, shall
be insufficient to meet the full require
ments of the pension list as provided by
this act.
Section O. There is added to chapter
81, laws of 1907, section to read: Chap
ter ST. laws of 1900 Section lOa Any
member joining the fire department after
July 1, 1918, and contributing to this
fund, shall be entitled to all benefits
herein provided, except that he shall not
retire after Twenty-Five years OF service
and be entitled to a pension, unless he 10
discharged, has become superannuated In
the judgment of the board, is injured. or
physically or mentally t1capacitased suf-
ficiently for retirement In the Judgment
of the board
Section g. This act shall take effect
and be in force from and after Its pas
sage and publication.
ApDrOyad June 81, 1919. Copy Law.