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Section 8.2. General Fund. The funds received by the Association from dues, fines, <br />• initiation fees and entertainment shall be kept in the general fund and may be disbursed <br />upon a majority vote of the members of the Board of Trustees for any purpose reasonably <br />suited to promote the welfare of the Association and its members. <br />Section 8.3. Special Fund. All funds received by this Association qualifying as state aid <br />received pursuant to law, all taxes levied by or other revenues received from the city <br />pursuant to law providing for municipal support for the relief association, any monies or <br />property donated, given, granted or devised excluding fundraiser proceeds, by any person <br />which is specified for the use for the support of the Special Fund, and any interest earned <br />on the assets of the Special Fund. Any tax sources and other money which may be <br />directly donated or transferred to said fund, shall be kept in a separate account on the <br />books of the Treasurer known as the Special Fund and shall be disbursed only for the <br />following purposes. <br />Payment of members' service pension benefits in accordance with these <br />bylaws; <br />2. Payment of ancillary benefits in accordance with these bylaws; <br />3. Administrative expenses as limited by Minn. Stat. §69.80. <br />• 4. Payments of dues to belong to membership associations. <br />All other expenses of the Association shall be paid out of the General Fund. <br />Section 8.4. Deposits. All money belonging to this Association shall be deposited to the <br />credit of this Association in such banks, trust companies, savings and loan associations or <br />other depositories as the Board of Trustees may designate. The board of trustees shall <br />make deposits in conformance with state statute and the investment policy, attached <br />hereto. <br />Section 8.5. Disbursements. No disbursement of the funds of this Association shall be <br />made except by checks drawn by the Treasurer and countersigned by the President or <br />Vice President. Except when issued for salaries, pensions and other fixed charges, the <br />exact amount of which has previously been determined by the Board of Trustees or the <br />members, no check shall be issued until the claim to which it relates has been approved <br />by the Board of Trustees. <br />Article IX -Benefits <br /> <br />4S <br />