HomeMy WebLinkAboutItem #28 - First Reading OrdinanceJ-99-990
12/7/99
ORDINANCE NO.
AN ORDINANCE OF THE MIAMI CITY COMMISSION
AMENDING CHAPTER 40/ARTICLE IV/DIVISION 3 OF
THE CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED, ENTITLED "PERSONNEL/PENSION AND
RETIREMENT PLAN/CITY OF MIAMI GENERAL
EMPLOYEES' AND SANITATION EMPLOYEES'
RETIREMENT TRUST", TO ALLOW FOR INVESTMENTS
OF STOCK IN FOREIGN CORPORATIONS; MORE
PARTICULARLY By AMENDING SECTION 40-245 OF
SAID CODE; CONTAINING A REPEALER PROVISION
AND A SEVERABILITY CLAUSE; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, the Board of Trustees of the City of Miami General
Employees' and Sanitation Employees' Retirement Trust recommends
amending Section 40-245 of the ode of the City of Miami,
Florida, relating to General Employ e and Sanitation Employees'
Retirement Trust Plan concer Cing he types of funds where
investments may be made; •
NOW, THEREFORE, BE rT DAINED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this rdinance are hereby adopted by reference
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