1947_session laws_457_8
CHAPTER 456 AN ACT TO PROVIDE FOR RAISING AND MANAGING OF A PENSION FUND FOR THE EMPLOYEES OF THE CITY OF FAYETTEVILLE. The General Assembly of North Carolina do enact:
That on or before the Ist day of July, 1948, and annually thereafter, the said board of trustees shall make a verified report to the governing body of the City of Fayetteville, containing a detailed statement of all receipts and disbursements on account of said fund, together with the name of each beneficiary and the amount paid to such beneficiary for or on account of such fund, and the governing body of the City of Fayetteville shall have the right and is empowered at any time to make or cause to be made an examination by a competent auditor of conditions of said fund.