181515 1
Original to City Clerk 18151
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• CITY OF ST. PAUL COUNCIL NO.
•
OFFICE OF THE CITY CLERK � Q: r " `:
COUNCIL RESOLUTION-GENERAL FORM -
.�.
to:t11 . ,. , 4 ,4
PRESENTED BY 1► � ""*� ,�' ?'" ' `
COMMISSIONE / A �J� DATF
WHEREAS ,- it has been made to appear to the
Council by reason of certification of the Secretary
of the St. Paul Teachers Retirement Fund Association
that the members thereof have duly adopted an amend-
ment to the by-laws of the Teachers Retirement Fund
Association, said ,certification of which action has
been presented by the Secretary showing as follows :
1. The Board of Trustees of such Associa-
tion on October 18, 1956, adopted a proposed resolution
of amendment to the by-laws , to-wit : Section 1 of
Article V, which resolution of the Board proposed to
the members the adoption of said amendment.
2. That each member of said Association
was notified of the annual meeting to be held January
17, 1957, and was sent a copy of the proposed amendment.
3. That at the annual meeting on January
17, 1957, the matter of the amendment of said section
of the by-laws referred to was presented to the members ,
voted on by them, and that said proposed amendment
received an affirmative vote of 1060 yea votes and no
nay votes .
Now, therefore, be it
RESOLVED, by the Council of the City of Saint
Paul, that it does hereby approve the proposed amendment
to the by-laws (Section 1, Article V) of the St. Paul
Teachers Retirement Fund Association, a copy of which
is hereto attached and made a part hereof , said amend-
ment having been approved by the members of said
Association at the annual meeting as referred to
-
COUNCILMEN Adopted by the Council 195_
Yeas Nays
DeCourcy
Holland Approved 195_
Marzitelli
Mortinson In Favor
Peterson Mayor
Rosen _Against
Mr. President, Dillon PUBLISHEDc2-a 3-- ¶7
5M 6-56 2
Duplicate to Printer
CITY OF ST. PAUL COUNCIL NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
WHEREAS, it has been made to appear to the
Council by reason of certification of the Secretary
of the St. Paul Teachers Retirement Fund Association
that the members thereof have duly adopted an amend-
ment to the by-laws of the Teachers Retirement Fund
•
Association, said certification of which action has
been presented by the Secretary showing as follows :
1. The Board of Trustees of such Associa-
tion on October 18, 1956, adopted a proposed resolution
of amendment to the by-laws , to-wit : Section 1 of
Article V, which resolution of the Board proposed to
the members the adoption of said amendment.
2. That each member of said Association
was notified of the annual meeting to be held January
17, 1957, and was sent a copy of the proposed amendment.
3. That at the annual meeting on January
17, 1957, the matter of the amendment of said section
of the by-laws referred to was presented to the members,
voted on by them, and that said proposed amendment
received an affirmative vote of 1060 yea votes and no
nay votes.
Now, therefore, be it
RESOLVED, by the Council of the City of Saint
Paul, that it does hereby approve the proposed amendment
to the by-laws (Section 1, Article V) of the St. Paul
Teachers Retirement Fund Association, a copy of which
is hereto attached and made a part hereof, said amend-
ment having been approved by the members of said
Association at the annual meeting as referred to
COUNCILMEN Adopted by the Council 195_
Yeas Nays
DeCourcy
Holland Approved 195_
Marzitelli
Mortinson In Favor
Peterson Mayor
Rosen Against
Mr. President, Dillon
5M 6-58 �Z
1 1515
Original to City Clerk t
. - CITY OF ST. PAUL COUNCIL NO.
.' OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
hereinabove. Be it further
`ESOLVED, That this action of the Council
is taken under and pursuant to those certain statutes
of the State of Minnesota relating to Teachers Retire-
ment Funds , being, generally, M.S . Chapter 135, and
specifically, i: .S . 135. 23. _ _ _____ _____
Council File No. Is>,pls-Ry Pram O.
Yhereas.It has been made to r
Hon
to the Coun of th 1?Y dot o ot Food that the
ado to an`amenti **reef t e by-law 1
of the Teacheiv Retirement Fund
eiation, certifida#io of which
Hon hass n Presented by the Secxe-
tary as.follows:
1. The Board o! of such
Association Octobe�1958.adopted
a proposed resolution of amendment
to the by-laws, to-wit: Section 1 of
Article V, which resolution of the
Hoard proposed to the members the
adoption f'said ndment,
2.'That each.. r,of said Rap
elation was nod trd of the simnel
meeting to be held :Amery 17, 1947,
and was sent a copy of,the proposed
amendment. a
January 17. 195. thenmmatter o the
of said section of the by-
Jaws referred to was presented to the
members, voted on by them and that
said proposed amendment,recetved an
atitirmaldv vote of �yea votes and
no nays,
Now therefore, be., ,it
Resolved, By the C esmcil of the City
of Saint Paul, that',*does hereby app-
Flaws ve the ditnendment to the
Paul{ Teac Amt�*unhd
a co of w is hereto
attached atist ma a part hereof, said
amendment having been approved by
the members of said Association at
the annual meeting as refers to here-
inabove. Ba it further
Resolved, That this action of the
Council is taken under and punotiant
to those asrts1n statutes<of thee State
of Minne s to relating to Teachers Re-
tirement Funds, being, generally, M.S.
Chapter 135, and specifically, M.S.
Adopted by the Council February 15,
v Febbr buaarry na, f M) •
COUNCILMEN Adopted by the Comic 6 5 195_
Yeas/ Nays
DeCourcy / FEb 5 4o5„q
Approved 195_
arzitelli
%I�Iortinson in Favor ` ` a _..►
, _ 0 Mayor
,,/Rosen (� Against
,,,..Mr.President, Dillon
SM 6-56 osei4..2
. . .
.%
. . .. . . IT is I OFFICE O F CITY CLERK ` JOSEPH R. OKONESKI
o....��'"""� City Clerk
BUREAU OF RECORDS HAROLD J. RIORDAN
Council Recorder
386 City Hall and Court House RECEIVE ")
St. Paul 2, Minnesota
FEB8 7
CORPORATION COUNSEL
Feb. 7, 1957
Mr. Marshall F. Hurley
Corporation Counsel
Building
Dear Sir:
The City Council requested that you prepare a resolution endorsing
certain legislation proposed by the Teachers' Retirement Fund Association,
as described in the attached sheet.
We do not know whether a bill has been drawn or not. I believe that
Arthur Anderson, representing the group, has discussed this matter
with you.
Ve .h truly yours ,
im '
, ,, �� .Z mo...v J e
City Clerk `--
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25 EAST FIFTH STREET SAINT PAUL 1, MINNESOTA TELEPHONE CEDAR 8689
ST. PAUL TEACHERS' RETIREMENT FUND ASSOCIATION
January 25, 195?
Mr. Marshall F. Hurley
Corporation Counsel
City of St. Paul
City B411
St. Paul, Minnesota
Dear Sir:
I, Arthur C. Anderson, Secretary of Teachers' Retirement Fund
Association, hereby certify that:
At a duly called meeting of the Board of Trustees, held on October 18, 1956,
in the office of the Association, a resolution (attached to this statement ) was
unanimously adopted, proposing to the members of the Association the adoption at
their annual meeting of a resolution amending Article V, section 1 of the by—laws
of Teachers' Retirement Fund Association, to read:
( See resolution attached )
I, hereby, Certify further that a notice of the annual meeting of the members of
the Association to be held on January 17, 1957 at 4 P.M. at 25 East Fifth Street,
St. Paul, Minnesota and a copy of the proposed amendment to the by-laws ( attached
to this statement ) was sent to each member of the Association and to each of the
ex-officio trustees at his last known address, mailed December 31, 1956.
I, hereby, certify further that the annual meeting of members was duly called to
order by the President of the Association, and that, in addition. to the other
business of the meeting, the amendment proposed by the Board of Trustees was
presented to the members personally present and to those represented by proxies,
with a quorum present throughout. Voting was done by specialballot during a
recess called for by the President under the supervision of one trustee and the
CITY OF SAINT PAUL
TERRANCE S. O'TOOLE LEGAL DEPARTMENT LOUIS P. SHEAHAN
THOMAS J. RYAN SPECIAL ASSISTANT
JAMES F. MARSHALL F. HURLEY
ROBERT E.. O'CONK CONNELL
DONALD L. LA1S CORPORATION COUNSEL
JOHN J. McNE1L
ASSISTANTS 2
February 13, 1957
Mr. Frank D. Marzitelli
Commissioner of Public Works
Dear Sir:
Pursuant to your request, I have prepared a resolution
which approves the amendment to Section 1 of Article V of the
by—laws of the St. Paul Teachers Retirement Fund Association.
This is a ratification by the Council of such change,
a matter which has been discussed with you and me by Mr. Anderson
of the Association. I understand that he has also talked with
Mr. Faricy of the Comptroller's office and that there is a question
involving the refund to the City of City contributions to the Fund
in the specific case, where a teacher resigns from the service
prior to retirement age and becomes ineligible for the pension,
leaving in the Fund not only the contribution which she has made
but also the contribution which' was made by the City. This matter
has been discussed by Mr. Faricq with me and I believe also that
he has discussed the matter with Mr. Anderson at some length.
I thought that I would call this to your attention
because it has arisen in conversations, but this is a matter for
the Comptroller's office and the Council and not for this office.
We believe we have accomplished our responsibility
in drafting the proposed form of resolution in line with the
.mendments which were voted in by the members of the Association
and pursuant to the request which you made that we prepare such
resolution.
Yours very truly,
//:/4 1
M shall F. Hurley
Corporation Counsel
Fncl.
MFH—B
three tellers appointed by the President. After the polls had been closed the
result of the toting was announced by one of the tellers as follower
Yes 1060
No
The President declared that the'proposed amendment to Article V, Section 1 of the
by-laws was duly adopted.
( See amendment attached )
,'After calling for other new business the President declared the meeting adjourned
upon motion duly made.
Respectfully submitted,
644 Ceed
Arthur C. Anderson, Secretary
• RESOLUTION P o Amottmen OF MANS
OF
TEACHERS' RETIREKIDIT FUND ASSOCIATION
COL , That the Board of Trustees of Teachers' Retirement
Fund Association pie* and it hereby does
Baas to the eers of
the Assertion that they adopt the foliating oIntim Amending Bylaws
of Teachers* Retirement Fund Association:
Resolution Amending Bylaws
of
Teachers' Retirement Fund Asaociation
RESOLVED* That Section 1 of Article V of the Bylaws
be amended to
"'Section 1.
Alm. Budget,
shall During the month of July of each year the Secretary
Pre Pare and submit to the Board, or to its Executive
Com:uittee, the budget of the Association for the next fol-
lowing
calendar Tear. The budget shall include* but need not
be :limited to, his estimates of the following receipts and
expendittzra
(1) The amount of all income fro* investments;
(2) The amount of all mothers'
(3) An amount equal to eight cent of that part of
the teeeheers' salaries to be taken into account
as =gating the amount of romberet Sue's &Vestal
hereinafter proV14ed;
(4) The amount required to pay the increase in the
of provided by ParaaraPh
9"of Section 3 of Art
(6) The all ++ i a
and other benefits;
tri and operating
expenses; and
(7) Any other amounts and detail* that the Board „y
reqpire*
The amount equal to eight per cent of that part of the
germ” salaries to be taken into account in tins the
amount of era'. dues* hereinafter referred to as seed
mount* shall be as foams;
(1) If an amount equal eight pe r
cent of that of the tems ,t e+ larl account
computing+ e i for the pre-
ceding
exceeded the . estimate there-
of for said year the amount of the excess than be added to
*said amounts;
TEACHERS' RETIREMENT-FUND ASSOCIATION
25 EAST FIFTH STREET— SAINT PAUL, MINNESOTA
NOTICE OF ANNUAL MEETING
NOTICE IS HEREBY GIVEN
The annual meeting of the members of Teachers' Retirement Fund Association
will be held at four o'clock in the afternoon of Thursday, the seventeenth day of January,
1957, at 25 East Fifth Street, Saint Paul, Minnesota,for the following purposes:
1. To elect three trustees to serve for a term of three years and until
their successors are elected and qualified.
2. To consider and act upon the resolution amending the by-laws proposed
to the members by the board of trustees, a copy of which is enclosed herewith
and by this reference incorporated herein.
3. To transact such other business as properly may come before the
meeting.
Whether you intend to attend the meeting or not, you are requested to sign, date,
and return the attached proxy so that it will reach the office of the Association no later
than two days before the date of the meeting. If you attend the meeting, you can with-
draw your proxy at any time prior to its exercise. Unless otherwise instructed, your
proxy will cast your vote in favor of the proposed amendment.
Dated December 31, 1956. ARTHUR C. ANDERSON, Secretary.
PROXY
TEACHERS' RETIREMENT FUND ASSOCIATION
25 EAST FIFTH STREET— SAINT PAUL, MINNESOTA
KNOW ALL MEN BY THESE PRESENTS, that I do hereby constitute and ap-
point Ruth E. Leise or Barbara L. Young, or
, my true and lawful attorneys or attorney, to
represent me and to vote as my proxy, at the next annual meeting of the members of
the Association and at any adjournment or adjournments of the meeting, upon the elec-
tion of trustees, upon the amendment of the by-laws, and upon any other business that
may properly come before the meeting.
1957
(Date)
(Member's Signature)
(Present Sehool)
(Please return to the address stated above before January 15, 1957)
• - _
AMENDMENTS TO BY-LAWS
ON COMPUTATION OF ANNUAL BUDGET
(Amended matter in italics)
ARTICLE V, SECTION 1.
ANNUAL BUDGET.
During the month of July of each year the Secretary shall prepare and submit
to the Board, or to its Executive Committee, the budget of the Association for the
next following calendar year. The budget shall include, but need not be limited to,
his estimates of the following receipts and expenditures:
(1) The amount of all income from investments;
(2) The amount of all members' dues;
(3) An amount equal to eight per cent of that part of the teachers' salaries
to be taken into account in computing the amount of members' dues,
adjusted as hereinafter provided;
(4) The amount required to pay the increase in the pensions of retired members
provided by Paragraph 9 of Section 3 of Article IV;
(5) The amount of all pensions and other benefits;
(6) The amount of all administrative and operating expenses; and
(7) Any other amounts and details that the Board may require.
The amount equal to eight per cent of that part of the teachers' salaries to be
taken into account in computing the amount of members' dues, hereinafter referred
to as "said amount" shall be adjusted as follows:
(i) If an amount equal to eight per cent of that part of the teachers' salaries
actually taken into account in computing the amount of members' dues for the next
preceding calendar year exceeded the Secretary's estimate thereof for said year, the
amount of the excess shall be added to "said amount";
(ii) If an amount equal to eight per cent of that part of the teachers' salaries
actually taken into account in computing the amount of members' dues for the next
preceding calendar year was less than the Secretary's estimate thereof for said year,
the amount of the deficiency shall be subtracted from "said amount".
Upon approval of the budget by the Board, or by its Executive Committee, the
Secretary shall certify to the proper authorities, who have charge of the levying of
taxes for school purposes in the City of Saint Paul and County of Ramsey, an aggre-
gate amount equal to the sum of (a) the amount equal to eight per cent of that part
of the teachers' salaries to be taken into account in computing the amount of mem-
bers' dues, adjusted as hereinbefore provided, and (b) the amount required to pay
the increase in the pensions of retired members provided by Paragraph 9 of Section 3
of Article IV, which aggregate amount shall be the amount which it will be neces-
sary to raise by taxation in order to carry out the retirement plan of the Association.
(Approval January 17, 1957)
AMENDMENTS TO BY-LAWS
r' ON COMPUTATION OF ANNUAL BUDGET
(Amended matter in italics)
ARTICLE V, SECTION 1.
ANNUAL BUDGET.
During the month of July of each year the Secretary shall prepare and submit )
to the Board, or to its Executive Committee, the budget of the Association for the
next following calendar year. The budget shall include, but need not be limited to,
his estimates of the following receipts and expenditures:
(1) The amount of all income from investments;
(2) The amount of all members' dues;
(3) An amount equal to eight per cent of that part of the teachers' salaries
to be taken into account in computing the amount of members' dues,
adjusted as hereinafter provided;
(4) The amount required to pay the increase in the pensions of retired members
provided by Paragraph 9 of Section 3 of Article IV;
(5) The amount of all pensions and other benefits;
(6) The amount of all administrative and operating expenses; and
(7) Any other amounts and details that the Board may require.
The amount equal to eight per cent of that part of the teachers' salaries to be
taken into account in computing the amount of members' dues, hereinafter referred
to as "said amount" shall be adjusted as follows:
(i) If an amount equal to eight per cent of that part of the teachers' salaries
actually taken into account in computing the amount of members' dues for the next
preceding calendar year exceeded the Secretary's estimate thereof for said year, the
amount of the excess shall be added to "said amount";
(ii) If an amount equal to eight per cent of that part of the teachers' salaries
actually taken into account in computing the amount of members' dues for the next
preceding calendar year was less than the Secretary's estimate thereof for said year,
the amount of the deficiency shall be subtracted from "said amount".
Upon approval of the budget by the Board, or by its Executive Committee, the
Secretary shall certify to the proper authorities, who have charge of the levying of
taxes for school purposes in the City of Saint Paul and County of Ramsey, an aggre-
gate amount equal to the sum of (a) the amount equal to eight per cent of that part
of the teachers' salaries to be taken into account in computing the amount of mem-
bers' dues, adjusted as hereinbefore provided, and (b) the amount required to pay
the increase in the pensions of retired members provided by Paragraph 9 of Section 3
of Article IV, which aggregate amount shall be the amount which it will be neces-
sary to raise by taxation in order to carry out the retirement plan of the Association.
(Approval January 17, 1957)