[HISTORY: Adopted by the Board of Aldermen
(now City Council) of the City of Chicopee as Ch. 49 of the 1976 Code.
Amendments noted where applicable.]
The trust fund bequeathed to the City of Chicopee
by the last will and testament of Alice J. Page, late of said Chicopee,
shall be called "Irving H. Page and Alice J. Page Trust Fund" and
shall be kept by the City Treasurer invested in bonds or notes of
the City of Chicopee or in securities in which funds of savings banks
may by law be invested.
It shall be the duty of the City Treasurer to
keep a separate account of said fund and the income therefrom. He
shall pass to the credit of said account the interest of said bonds
and notes as the same become due and shall disburse the same upon
order of the Trustees of the Irving H. Page and Alice J. Page Trust
Fund. The City Treasurer shall act as agent for said Trustees.
[Amended 9-1-2009]
A.Â
The Board of Trustees of said trust fund shall consist
of three members appointed by the Mayor, subject to the confirmation
of the City Council, who shall serve without compensation. The term
of office of the members first appointed shall commence at the date
of their appointment and shall be so arranged as to expire at the
end of two, four and six years from the first Monday of June on the
year of their appointment, the date of expiration to be specified
in their respective commission, and thereafter a member shall be appointed
for a term of six years from the first Monday of June of the year
in which the previous term expires.
B.Â
All Trustees shall hold office until their respective
successors are appointed and qualified. They may be removed by the
Mayor for cause, said removal to be approved by a two-thirds vote
of the City Council .
The duties of the Trustees of said trust fund
shall be to defray the expenses of deserving boys and girls, graduates
of the Chicopee High School, in accordance with the provisions of
said will, being Case No. 51872 and recorded in Hampden County Probate
Court.
The Trustees shall elect a Chairman and Secretary
on the first Monday of June in each year.
