Section 18-29 Penalty.

Any person who shall knowingly or wilfully make any false statement in regard to applying for or securing a pension or disability benefit under the retirement plans herein established, or who shall falsify, cause or permit to be falsified any record or records of such retirement plan in any attempt to defraud such retirement plan as a result of such act, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not less than one dollar ($1.00) nor more than one thousand dollars ($1,000.00), or be imprisoned for not more than one year, or shall be subject to both such fine and imprisonment . I n addition, all rights, interest and privileges of such person under such retirement plan shall be revoked and canceled.