Source: https://ecode360.com/26932152
Timestamp: 2020-04-06 12:55:37
Document Index: 384011849

Matched Legal Cases: ['§ 9', '§ 9', '§ 9', '§ 9', '§ 19', '§ 19', '§ 2', '§ 2', '§ 2', '§ 2', '§ 2']

City of Waltham, MA The Fiske Funds
Ch 9 Art IV The Fiske Funds
§ 9-41 Henry I. Fiske Fund.
§ 9-42 Calvin Fiske Memorial Fund.
§ 9-43 Board of trustees; membership; terms; meetings; organization.
§ 9-44 through Sec. 9-50. (Reserved)
City of Waltham, MA / Part II: the General Ordinances / Memorials and Trust Funds
Article IV The Fiske Funds
Sec. 9-41 Henry I. Fiske Fund.
Sec. 9-42 Calvin Fiske Memorial Fund.
Sec. 9-43 Board of trustees; membership; terms; meetings; organization.
Sec. 9-44 through Sec. 9-50. (Reserved)
[Gen. Ords. 1962, §§ 19-26—19-28]
The trust fund bequeathed to the city by the will of Henry I. Fiske late of Waltham, shall be called, as designated in such will, the "Fiske Fund of the City of Waltham," but in order to preserve the identity of the donor, shall also be know as the "Henry I. Fiske Fund." It shall be kept by the city treasurer invested in bonds or notes of the city or in securities, except personal securities, in which funds of saving banks may be law be invested.
The treasurer shall keep a separate account of the Fiske Fund and the income therefrom. He shall pass to the credit of such account the interest of such bonds and notes as the same becomes due, without the necessity of any draft or order from any officer of the city, and shall disburse the same upon order of the city auditor, as provided for general accounts.
The board of trustees of the Fiske Fund shall, subject to the orders of the council, have the exclusive disposition of the income of such fund and shall use the same for the worthy poor of the city not inmates of the almshouse nor receiving aid from the city, but standing in need of temporary relief. In administering said income, the trustees shall give prompt recognition to the necessities of the individual or family caused by accidents not to have been anticipated.
[Gen. Ords. 1962, § 19-29]
The trust fund bequeathed to the city by the will of M. Etta Fiske, late of Waltham, shall be called as designated in such will the "Calvin Fiske Memorial Fund." The provisions of section 9-41 of this Code, relative to the custody and investment of the Fiske Fund of the city also known as the "Henry I. Fiske Fund," the manner of accounting for its principal and income and of disbursing its income, shall apply to such Calvin Fiske Memorial Fund. The board of trustees shall, subject to the orders of the council, have the exclusive disposition of the income of said fund, and shall expend the same for the support of the worthy poor of the city.
[Gen. Ords. 1962, §§ 2-5, 2-9, 19-24, 19-25]
There is hereby established the board of trustees of the Fiske Fund, also called the Henry I. Fiske Fund. Such board shall consist of three (3) person, one (1) of whom shall be a city official stationed at the city hall, but not connected with the welfare department; all trustees shall be appointed by the mayor subject to confirmation by the council. The same persons shall also be trustees of the Calvin Fiske Memorial Fund, the purposes of such funds being similar, but the respective donors thereof, although having the same surname, not being related to each other. One (1) member of such board shall be appointed annually to hold office for three (3) years beginning on the first Monday in May of the year of his appointment.
The members of the board of trustees of the Fiske Fund shall meet and organize by the choice of a chairman on the second Monday of May of each year or as soon as convenient thereafter. Such board shall keep a record of its proceedings.
Cross references—Annual inventory of city property to be submitted to mayor and auditor, § 2-2; annual reports by boards and officers to mayor, § 2-9; turn over and accounting for funds, § 2-88; books and records to correspond to fiscal year, § 2-89.