O-57-331
ORDINANCE NO,._O - 33 - 57
BE IT ORDAINED by the President and Board of Trustees of the
Village of Deerfield that:
Section 1. Creation. There shall be a Police Pension Board
consisting of five members. Of these members,•,two shall be appointed
by the President, serving a term of two years each; two shall be elected
from the regular police force of the Village, and one shall be elected
from the beneficiaries of the pension. Each member shall serve for two
years and elected members shall be selected in the manner provided by
law. (Illinois Revised Statutes, Chapter 24, Parl 893.). Provided
that the terms of the members of the Police Pension Fund first appointed.
shall commence on the second Tuesday of May following the adoption of
this ordinance.
Section 2. Duties. It shall be the duty of the members of the
Police Pension Board to manage, invest, and control the police pension
fund and all moneys pertaining thereto in the manner provided by statute
and to pay beneficiaries as provided by law.
Section 3. Funds. There shall be deposited in the Police Pension
Fund the proceeds of any special tax levy for pension fund purposes; three
fourths of all money received for dog licenses; 10% of all fines received
for violation of ordinances; all money received from fines imposed upon
members of the Police Department for a violation of rules or regulations;
all rewards given or paid to policemen except such as may be excepted by
the Board of Trustees of the Police Pension Fund; 5% per month which shall
be deducted from the salary of each policeman subject tothe Pe_psion Fund;
and 10% of all business license fees collected by the Village.
Passed: This 8th day of July, 1957.
l
APFR 0
Village Pr ent
ATTEST:
40
Village Clerk
s