1965/66/67 session laws – Ch.302 Sec.2
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CHAPTER 302 AN ACT TO ESTABLISH A SUPPLEMENTARY PENSION FUND FOR FIREMEN IN THE TOWN OF MOUNT AIRY. The General Assembly of North Carolina do enact:
That all funds in the Firemens Relief Fund of the Town of Mount Airy in excess of five thousand dollars ($5,000.00) shall be transferred to the Supplementary Pension Fund so as to retain in the Firemens Relief Fund an amount of money not greater than five thousand dollars ($5,000.00); provided, however, the Firemens Relief Fund shall have restored such sums from recurring annual receipts as are necessary to maintain a fund of not less than five thousand dollars ($5,000.00); provided further, of the funds and subsequent recurring increments thereto transferred from the Firemens Relief Fund of the Town of Mount Airy to the Supplementary Pension Fund, any or all of the same, shall be retrievable by and to the Firemens Relief Fund of the Town of Mount Airy in order to defray and meet such legitimate claims which accrue under the provisions and coverage of the Firemens Relief Fund of the Town of Mount Airy. 345