1965/66/67 session laws – Ch.252 Sec.1
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CHAPTER 252 AN ACT TO AMEND CERTAIN PRIVATE LAWS RELATING TO POLICE, FIREMEN AND GENERAL EMPLOYEES PENSION FUNDS IN THE CITY OF WILMINGTON. The General Assembly of North Carolina do enact:
Section 1, Chapter 1175, Session Laws of 1951, is amended by rewriting said Section in its entirety as follows: Section 1 That the Police Pension Fund of Wilmington, North Carolina, as created by Chapter 55, Private Laws of 1915 and laws amendatory thereof, shall be operated by a board of trustees as hereinafter set forth, and said board, when appointed as herein provided, shall have and be vested with all of the powers and duties as trustees as heretofore provided by the Acts aforesaid. Said board of trustees shall consist of four members, one member shall be appointed by the Council of the City of Wilmington, one member shall be appointed by the Wilmington Police Department, and the third member of said board shall be selected and appointed by the first two members appointed as aforesaid, and the Director of Finance of the City of Wilmington is hereby designated as a member of the board of trustees without voting power and all said members of said board shall serve without compensation.