1998-01-22 General Fund MeetingCITY OF OKEECHOBEE AND OKEECHOBEE UTILITY AUTHORITY
PENSION BOARD MEETING
January 22, 1998
Meeting was called to order at 7:00 PM by Chairman L.C. Fortner, Jr.
Board Members Present: Roger Jones, Jerry O'Bannon, Paul Overton, Ricky Bonnell
and L.C. Fortner, Jr.
Chairman Fortner informed the Board Members of the need to elect new officers for
the General Employees Pension Plan.
After discussion Motion by Roger Jones, second by Jerry O'Bannon to elect L.C.
Fortner, Jr. as Chairman for 1 year. Motion Carried.
Chairman Fortner called for motion to elect a Secretary. Motion by Jerry O'Bannon,
second by Ricky Bonnell to elect Paul Overton as Secretary for 1 year. Motion
Carried.
Chairman Fortner stated the Board must authorize several Board Members to sign
checks issued for operating expenses of the Pension Plan.
Motion by Roger Jones second by Jerry O'Bannon to authorize any two (2) of the
.. following Board Members, L.C. Fortner, Jr., Paul Overton, and Ricky Bonnell to sign
checks for Pension Fund. Motion Carried.
Board discussed the need to have each Board Member covered with a Bond and/or
Insurance. Chairman Fortner to obtain additional information and costs for Bonds and
Insurance for the Board.
Board discussed the possibility of authorizing Jim Paul to sign checks along with one
other Board Member. Board requested additional information to be sure Mr. Paul
would be properly covered for the responsibility.
Board reviewed the list of possible changes to the pension benefits. The study was
prepared at the request of the Board. The Board Members will discuss this study at a
later meeting.
Board discussed the possibility of a meeting and invite all the General Employees to
answer any questions concerning the Pension Plan. More on this at a later meeting.
With no other business the meeting adjourned at 8:30 PM.