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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 1