The Firemen’s Relief Association of the City of Wakefield, being duly incorporated as required under the provisions of K.S.A. 40-1701, and being composed of members of the Fire Department of the said city, shall be governed by the provisions of this Article and the laws of the State of Kansas.

(K.S.A. 40-1701 et seq.; R.O. 1965, Sec. 5-301)

The Treasurer of the Firemen’s Relief Association shall receive from the State Commissioner of Insurance all money belonging to the Firemen’s Relief Fund of the Firemen’s Relief Association of the City of Wakefield and other money collected, and shall deposit the same to the credit of the Wakefield Firemen’s Fund. Such treasurer shall give bond for the safekeeping of such funds and for faithful performance in such sum with such sureties as may be approved by the Governing Body of the City.

(K.S.A. 40-1706; R.O. 1965, Sec. 5-302

All monies received by the treasurer of the Firemen’s Relief Association shall be set apart and used by the Firemen’s Relief Association solely and entirely for the objects and purposes of this Article and as set forth by K.S.A. 40-1706, and amendments thereto, and shall be paid to and distributed by the Firemen’s Relief Association under such provisions as shall be made by the Governing Body of the City: Provided, that in all cases involving expenditures or payments in an amount of Five Hundred Dollars ($500) or more, prior certification shall be obtained from the City Attorney that such expenditure or payment complies with such requirements.

(K.S.A. 40-1707; R.O. 1965, Sec. 5-303)

The officers of the Firemen’s Relief Association may invest any amount, not to exceed ninety percent (90%) of all such monies in investments authorized by K.S.A. 12-1675 and K.S.A. 40-1706. Such investments must be approved by the Governing Body of the City.

(K.S.A. 40-1706; R.O. 1965, Sec. 5-304)