Resolution - #91-01-018 - 01/22/1991

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Defined contribution person became and ceased to be a member; and to keep a correct record of all monies received and disbursed by the Association. The books of the Secretary shall, at all times, be subject to inspection by any member of the Association and by the public examiner of the State. If requested by the Board of Trustees, the Secretary shall make a report, in writing, showing the names of all persons who have become or ceased to be members since his/her last report, the names of all persons to whom benefits or pensions have been paid and the amount paid to each, the amount of money received since his/her last report and the source thereof, the amount of money paid out and expended during such time and for what purpose, the amount of money on hand and where the same is invested or deposited and such other information as shall show the general condition of the Association. The Secretary shall turn over all monies received by him/her to the Treasurer within a period of ten days and shall obtain a receipt. Prior to August 1 of each year, the Secretary and Association Officers shall determine and file a report with the City certifying the City's obligation to the Special Fund for the next calendar year relating to Fire State Aid as defined in MSA Chapter 69.01 et al. SECTION 6. TREASURER'S DUTY It shall be the duty of the Treasurer to receive and receipt for all monies belonging to the Association and to disburse the same only by draft signed by two Board members and the Treasurer of the Association; to keep a correct account in the books kept for that purpose, of all monies received and disbursed by him/her; to keep a separate and distinct account of the two funds of the Association and to prepare for and present to the Board of Trustees at each regular meeting thereof and at such other times as the Board shall direct, a complete and detailed statement in writing of the assets of the Association and the amount belonging to each of the funds and to collect all interests on certificates of deposit, bonds and other obligations held and owned by the Association. The Treasurer shall deposit within ten days after receipt thereof to the credit of the Association all money received by him/her in such bank or banks as shall be designated by the Board of Trustees. The Treasurer shall be the custodian of and responsible for the safekeeping of all bank books, certificates of deposit, notes, bonds, securities and other obligations for the payment of money belonging to or held in trust by the Association and shall deliver same RELIEF ASSN. BY-LAWS Page 3