Sec. 1. - Powers and duties of council. The council of said city shall establish a fund or funds for the relief or pensions of persons in the service of the city; to receive gifts, devises and bequests of money or property for the benefit of such fund or funds; to make contributions of public moneys thereto on such terms and conditions as it may see fit; and, subject to the provisions of this chapter, to make rules and regulations for the management and administration of such fund or funds.
(Acts 1960, Ch. 143, § 1; Acts 1962, Ch. 462, § 1)
Secs. 2—15. - [Repealed.] Editor's note— Sections 2 through 15, relating to the pension fund, were added by Acts 1960, Ch. 143, § 1. Such sections were repealed by Acts 1962, Ch. 462, § 2.