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185876 Original to City Clem 185876 CITY OF ST. PAUL COLE NCIL NO. OFFICE OF THE CITY CLERK C•U CI ESOLUTION-GENERAL FORM PRESENTED BY e COMMISSIONE• - _ / DATE RFSOLVED, that the Council of the City of Saint Paul hereby approves the amendment to the By-Laws of Teachers' Retirement Fund Association, a Minnesota corporation, such amendment having been adopted by a majority vote of the members of said Association January 16, 1958, and a copy of which amendment is hereto attached, filed herewith, and made part and parcel of this resolution. Council File No. 185876—By Adrian P. Winkel— Resolved, That the Council of the City of Saint Paul hereby approves the amendment to the By-Laws of Teachers' Retirement Fund Association, a Minnesota corporation, such amend-' ment having been adopted by a major- ity vote of the members of said Asso- ciation January 16, 1958, and a copy of which amendment is hereto at- tached, filed herewith, and made part and parcel of this resolution. Adopted by the Council January 23, 1958. Approved January 23, 1958. (January 25, 1958) JAN 2 31958 COUNCILMEN Adopted by the Council 195_ Yeas Nays DeCourcy JAN 2 31958 Holland Approved 195- M zsi e4.li- Mortinson Tn Favor lX Peterson Mayor (J � ri el Against Mr. President, Dillon 5M 6-56 2 -Duplicate to Printer• . 85876/ COUNCIL NO. OFFICE OF THE CITY CLERK COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER DATF P SOLVED, that the Council of the Ci t7 of Saint Paul hereby a_3prores the :Amendment to the liy—Laws of Teachers' 1 etire ent Fund Aseoci ati.on, a. Minnesota cor;:?orst' on, such ' endment hiving been a^o^tc,cl by a majority vote of the rembrrs of said Ass ociat;on January 16, '058, and s,. copy of which amendment is hereto attached, filed herewith, any` made part and parcel of this resolution. Jam 2 31958 COUNCILMEN Adopted by the Council 195_ Yeas Nays DeCourcy Holland Approved 195_ Marzitelli Mortinson n Favor Peterson Mayor Rosen Against Mr. Presidieiillon 5M 6.56 2 1.r`876 the undersigned, as the duly qualified and acting Secretary of Teachers' Retirement Fund Association, a Minnesota. corporation, do hereby certify that the following and quoted resolution amending by—laws of said Teachers' Retirement Fund Association: "RESOLVED, that the first sentence of the second paragraph of Paragraph 10 of Section 3 of Article IV of the By—Laws of Teachers' Retirement Fund Association be amended, effective January 1, 1958, so as to read: "'At least one year before the date of his retirement a member who desires to exercise the option provided by this paragraph shall sign and file with the Secretary a notice of election on a form to be provided by the Association; provided, however, that a member whose retirement occurs in the year 1958 may sign and file such notice on or before the date of his retirement. '" was duly submitted for adoption at the annual meeting of the members of said Association held on Thursday, January 16, 1958, at 4 o'clock p. m. at 25 Fast Fifth Street, Saint Paul, Minnesota, upon due notice given to each member entitled to vote on said amendment and to each officer and trustee regardless of his voting rights, and that said resolution and said amendment were duly passed and adopted by said members of said Association, 1109 voting "Yes" thereon and 5 voting "No" thereon. Secretary of Teachers' Retirement Fund Association 4a`* .1" isig7 DOHERTY, RUMBLE & BUTLER MICHAEL J.DOHERTY ATTORNEYS AT LAW WILFRID E_RUMBLE PIERCE BUTLER FRANCIS D.BUTLER 1006 FIRST NATIONAL BANK BUILDING TELEPHONE EDGAR G.VAUGHAN CAPITAL 4-3813 J.C_FOOTE RICHARD J_LEONARD SAINT PAUL 1, MINNESOTA IRVING CLARK HAROLD JORDAN THEOPHIL RUSTERHOLZ FRANK CLAYBOURNE PIERCE BUTLER,II January anuary 14, 1958 JOHN L_HANNAFORD ANDREW G.SCOTT JOSEPH M.FINLEY HENRY D.FLASCH EUGENE M_WARLICH TIMOTHY J.HALLORAN W. Bernard T. Holland, Commissioner Department of Parks, Playgrounds and Public Buildings City Hall and Court House Saint Paul 2, Minnesota Dear Sir: At a special meeting of the members of Teachers' Retirement Fund Association held last November thirteenth, an amendment of the By-laws was adopted, which, we understand, has also been approved by the City Council of the City of Saint Paul. The By-laws give to certain members entitled to retire the privilege of electing an optional form of pension which provides for the payment of a reduced pension to the retiring member and, after the member's death, to a beneficiary desig- nated by the member. The By-laws refer to this survivorship form of pension as a "reversionary" form of pension. Prior to the amendment adopted last November thirteenth, a member who wished to have a reversionary form of pension could make his election at any time to and including the date of his retirement. One of the amendments adopted on November thirteenth required a member desiring to elect a reversionary form of pension to give a written notice one year or more in advance of the date of his retirement. The purpose of the notice requirement was to prevent "deathbed elections", of which there had been several. However, it has been observed that the amendment requiring one year's notice makes it literally impossible for a member retiring in the calendar year 1958 to make an effective election of a reversionary pension since it is now too late to give one year's notice. Such a result not only seems inequitable, but might furnish the basis for litigation against the Association by a member claiming the right to a reversionary pension and claiming that the adoption of the one year requirement was unreasonable as to a member retiring in the year 1958. it DOHERTY, RUMBLE & BUTLER - 2 - For the foregoing reasons it has been proposed that the members adopt a further amendment of the By-laws dispensing with the one year's notice requirement in the case of any member retiring in the year 1958. Thereafter, of course, the one year's notice will have to be given. The purpose of this letter is merely to inform you that this remedial amendment has been proposed and will be considered by the teachers at their annual meeting on January sixteenth, and that if this amendment is adopted at the annual meeting, the approval of the City Council will be requested. Since the amendment is remedial and non- controversial, it is hoped that such approval will be granted. Very truly yours, DOHERTY, RUMBLE & BUTLER By TR:pam . OFFICE OF THE COMMISSIONER OF FINANCE �/ St. Paul, Minn., December 20 19 57 Pursuant to Section 5 as amended, of the Building Zone Ordinance adopted by the Council of the CitL of St. Paul, July 7th, 1922, you are hereby notified that the application. of Texas Company to remodel or reconstruct REAPIVIEVCPRAIRWS filling station located Pr on west side of Rice St. between Edmund and Como, on Lots 1, 2 and 3, Block 1, Magoffin and reckenridge's Addition, will come up for consideration before_the Council in the Council Chamber in the City Hall and Court House Buiiriimj on the 2nd daI4 of January: , I? 58 at 10 o'clock A. M. Page File 13947 Commissioner of Finance. n The City Charter requires this Notice be sent from the Department of Finance.