S.L. 1969-892

1969 SESSION

CHAPTER 892

HOUSE BILL 1272

AN ACT TO CREATE THE WILSON POLICE DEPARTMENT BENEFIT FUND.

The General Assembly of North Carolina do enact:

Section 1. Short Title. This Act shall be known and may be cited as the Wilson Police Department Benefit Fund Act.

Sec. 2. Definitions. Police Officers shall be deemed to include all police officers of the City of Wilson, North Carolina, who are required by the terms of their employment to give their full time to the preservation of public order, the protection of life and property, and the detection of crime as police officers of the City of Wilson.

Sec. 3. Creation of Association. An Association to be known and designated as the Wilson Police Department Benefit Fund Association shall be formed, the membership of which shall include police officers of the City of Wilson as defined in Section 2.

Sec. 4. Membership. All police officers of the City of Wilson shall be members of the Wilson Police Department Benefit Fund Association.

Sec. 5. Creation of Executive Board. The City Manager of the City of Wilson and the Police Chief of the City of Wilson shall be, and they are hereby, named and made members ex officio of this Executive Board, and the remainder of said Board shall be composed of five members of the Wilson Police Department elected at large. The said Board shall meet at least annually and shall select a Chairman at its first meeting in each calendar year. All members of the Executive Board shall be elected annually to serve for the calendar year of their election and thereafter until their successors are elected. The ex officio members of said Board shall not be entitled to vote. A majority of the members of the entire Executive Board shall constitute a quorum for the transaction of business.

Sec. 6. Sources of Revenue. The source of revenue for this Fund shall be donations, contributions and bequests received from any source approved by the Executive Board.

Sec. 7. Application of Fund. The money so paid into the hands of the Treasurer of the Wilson Police Officers Benefit Fund Association shall be known as the Wilson Police Department Benefit Fund and shall be used as a fund to pay the dues of the members of the Association to the North Carolina Law Enforcement Officers Benefit and Retirement Fund. The Executive Board shall pay out of any funds of the Association a sum not exceeding the percentage of the salary of each police officer of such Association as shall be required as his contribution to the North Carolina Law Enforcement Officers Benefit and Retirement Fund.

Sec. 8. Treasurer. The Treasurer shall be elected by members of the Wilson Police Department Benefit Fund Association at its annual meeting, and said Treasurer may be elected from the membership of the Association or he may be a person not a member of said Association. The treasurer shall give good and sufficient surety in the form of not less than the amount of money on hand, such bond to be paid out of the funds of the Association, and shall make annual reports to the Executive Board showing the total amount of money in his hands at the time of the filing of the report and also an account of receipts and expenditures since his last report. The accumulated funds of the Association may be invested in bonds and securities unanimously approved by the Executive Board. All interest and other income received from investments and deposits shall be added to the principal of said fund. Expenditures shall be made only upon vouchers and checks properly signed by the Chairman of the Executive Board and the Treasurer.

Sec. 9. Compensation. All officers and members of the Executive Board shall serve without compensation.

Sec. 10. By-laws. The Association shall at its first regular meeting adopt By-laws, to be approved by the Executive Board, suitable for carrying out the provisions and purposes of this Act.

Sec. 11. The current or accumulated funds of the Association shall not be subject to State, County or Municipal taxation.

Sec. 12. This Act shall be in full force and effect after its ratification.

In the General Assembly read three times and ratified, this the 16th day of June, 1969.