Resolution 07-13 - Laserfiche WebLink

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6 disbursed by the Board of Trustees for any purpose reasonably suited to the welfare of the Association and its members. Section 3 - SPECIAL FUND. The Special Fund shall be credited with all fire state aid money received pursuant to state law, all taxes levied by or other revenues received from the municipality pursuant to state law, any money or property donated which is specified for use for the support of the Special Fund, and any interest earned upon the assets of the Special Fund. Disbursements from the Special Fund shall not be made for any purpose other than one of the following: (a)Payment of members' service pensions in accordance with state law and these bylaws; (b)Payment of ancillary benefits in accordance with state law and these bylaws; (c) Administrative expenses as authorized pursuant to Minn. Stat. §69.80, i.e. office expenses, salaries of the President, Secretary or Treasurer, educational expenses of the trustees, audit and legal expenses, insurance expenses, expenses of officers related to the responsibilities as administrators of the Special Fund. All other expenses of the Association shall be paid out of the General Fund. Section 4 - DEPOSITS. All money belonging to this Association shall be deposited to the credit of the Association in such banks, trust companies, or other depositories the Board of Trustees may designate. The Board of Trustees shall make deposits in conformance with State Statutes and the bylaws. Section 5 - DISBURSEMENTS. No disbursement of the funds of this Association shall be made except by checks drawn by the Treasurer and countersigned by the President. Except when issued for pensions and other fixed charges, the exact amount of which has been determined by the Board of Trustees or the members, no check shall be issued until the claim to which it relates has been approved by the Board of Trustees. Section 6 -NONASSIGNABILITY OF BENEFITS. No member entitled to a service pension or ancillary benefit from the Association may assign any service pension or ancillary benefit payments, nor shall the Association have the authority to recognize any assignment or pay over any sum which has been assigned. ARTICLE VIII-APPLICATION FOR BENEFITS Section 1 - APPLICATION. All applications for benefits shall be made in writing on forms furnished by the Secretary. Section 2 -PROCESS. All applications for pensions shall be submitted to the Board of Trustees at a regular or special meeting of the Board. Applications shall state the age of the applicant,the period of service, the date of retirement from active duty in the Fire Department, and other information the Board may require. No benefits or pensions shall be paid until the application has been approved by a majority vote of the Board.