Section 86.520

Title VII CITIES, TOWNS AND VILLAGES

Chapter 86

Effective - 01 Aug 1979, 2 histories, see footnote   

  86.520.  Board to have exclusive control and management of funds. — The board shall have exclusive control and management of funds created for the purpose herein and of all moneys donated, paid or received for the relief or pensioning of retired or disabled members of the police department, their widows and minor children, and may have an assessment from each member of at least five percent but not more than ten percent of the salary of such member, the contribution to be placed by the treasurer to the credit of such fund, subject to the order of the board.  The percent rate shall not be changed without the affirmative vote of a majority of the entire board.

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(RSMo 1939 § 9479, A.L. 1947 V. II p. 327, A.L. 1953 p. 300 § 86.340, A.L. 1979 H.B. 850)

Prior revision: 1929 § 8921

Effective 8-01-79