[Adopted as §§ 2-197 through 2-199 of
the 1965 Code; amended in its entirety 5-13-2008 by Ord. No.
086-08]
There is hereby created a Board of Commissioners
of Trust Funds consisting of three persons who shall have the management
of all trust funds given or bequeathed for the benefit of indigent
persons of the City of Fitchburg or its indigent inhabitants, unless
the donor in making the gift or bequest shall otherwise provide. Said
Commissioners shall be appointed by the Mayor to be confirmed by the
City Council. The initial Board shall be appointed one member for
one year, one member for two years and one member for three years.
Thereafter, said members shall be appointed annually one member for
three years. All vacancies in the Board shall be filled by the Mayor,
with the approval of the Council.
The Commissioners of Trust Funds shall, upon
their initial organization or soon thereafter, as is convenient, organize
and choose a Chairperson who shall serve for such term as the Commissioners
shall by rule or regulation decide. The Commissioners shall by rules
and regulations promulgated by them determine the frequency of their
meetings and the Board's organization, structure, procedures and standards
for administering trust funds with due regard for the grantors' intent.
A.
Said Board of Commissioners shall, so far as consistent
with the terms of the trust or other instruments establishing the
gifts, manage and control them and distribute the funds in accordance
with the terms of the respective trusts consistent with the law of
the Commonwealth of Massachusetts. The Board shall keep a record of
its doings and at the close of each financial year shall make a report
to the City Council and Mayor showing the total amount of the funds,
its investments, receipts and disbursements on account of the same
and setting forth in detail the sources of the receipts and the purposes
of the expenditures.
B.
Said Board shall also have full power and authority
to promulgate rules and regulations not inconsistent with the terms
of the trust instruments, this chapter and the law of the Commonwealth
of Massachusetts to implement its goals and purposes and for doing
all things necessary, proper and convenient to the appropriate distribution
of these funds. The Board may establish such procedures, standards
and forms and such interrelationships as may be necessary from time
to time with other state or municipal agencies for the purposes of
determining the needs of indigent persons within the City of Fitchburg.
Rules and regulations adopted by the Board shall also establish procedures,
if any, for persons to apply for such funds.
