87.405. Moneys set apart for pension fund.
Moneys set apart for pension fund.
87.405. The municipal authorities in cities in this state towhich sections 87.380 to 87.490 are applicable, may, by law orordinance, set apart one-half of all revenues received formunicipal purposes by such cities from licenses issued by suchcities for carrying on the business of a fire insurance company,agent or agency, and not exceeding three percent of all revenuesreceived for municipal purposes by such cities from all otherlicenses issued by such cities, as a fund for the pensioning ofmembers of the fire department, and of the widows and orphans ofdeceased members of the fire department of such cities, whichmoneys shall be credited to said pension fund.
(RSMo 1939 § 9525)Prior revisions: 1929 § 8958; 1919 § 9059; 1909 § 9884