NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 249

SENATE BILL 610

 

AN ACT TO AMEND CHAPTER 55 OF THE PRIVATE LAWS OF 1915, AS AMENDED, TO PROVIDE THAT THE POLICE PENSION FUND OF WILMINGTON SHALL BE ADMINISTERED BY THE PENSION BOARD OF THE CITY OF WILMINGTON.

 

The General Assembly of North Carolina enacts:

 

Section 1. Section 1 of Chapter 55 of the Private Laws of 1915, as amended, is hereby rewritten to read as follows:

"Section 1. The Police Pension Fund of Wilmington, North Carolina, as created by Chapter 55 of the Private Laws of 1915 and laws amendatory thereof, shall be administered by the Pension Board of the City of Wilmington, which was established by ordinance pursuant to Chapter 995 of the Session Laws of 1963 and Section 3(e) thereof, as amended, to administer the Wilmington Employees' Retirement Fund. Said board shall have the same powers and responsibilities with regard to the administration of this fund as it has with regard to the administration of the Wilmington Employees' Retirement Fund."

Sec. 2. Chapter 55 of the Private Laws of 1915, as amended, is hereby further amended by striking out the words "Board of Trustees of the Police Pension Fund of Wilmington, North Carolina" and substituting therefor the words "Pension Board of the Police Pension Fund of Wilmington, North Carolina" wherever these words appear therein; by striking out the word "trustee" and substituting therefor the words "members of the pension board" wherever this word appears therein; and, by striking out the words "board of trustees" and substituting therefor the words "pension board" wherever these words appear therein.

Sec. 3. This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 9th day of May, 1975.