06-07-1960 Regular MeetingMIAMI SHORES VILLAGE
PENSION BOARD MEETING - JUNE 7, 1960
A meeting of the Pension Board was held on June 7, 1960,
3:30 P. M. , at the Village Hall. The following members were present:
Messrs. Claussen, Franco, McCall and Senneff. Absent: Messrs.
McIntyre, Powell and Mrs. Pentecost.
Minutes of the last regular meeting were approved as written.
An application for retirement annuity was made by Henry
Hampton, and upon motion made by Chief Senneff and seconded by Mr.
Franco, the following resolution was unanimously passed:
Whereas, Henry Hampton appears to be 67 years of age this
year and is therefore eligible for retirement as authorized by the Miami
Shores Pension Plan; and
Whereas, he entered service on December 3, 1952 and worked
continuously through May 3411960, giving him a service credit for pension
purposes of six years; and
Whereas, his average annual salary for the last five years
amounts to $3109. 15;
Now, Therefore, Be it Resolved: That Henry Hampton be
retired with a monthly pension of $31.09 for life.
A letter of June 2, 1960 was received from the Little River Bank
and Trust Company, outlining securities they recommend purchasing for
the Pension Truxt . After Mr. Franco talked with the Trust Officer of
the Bank on the phone concerning these investments, he moved that they
be approved. Motion was seconded by Chief Senneff and passed unanimously.
The meeting was adjourned at 3:50 P.M.
APPROVED:
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Chairman
Pension Board Resolution No.
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