HomeMy WebLinkAboutItem #02 - First Reading OrdinanceJ-97-765
10/31/97
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ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 40-195 OF THE
CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED, THEREBY ADDING A NEW SUBSECTION (G)
AUTHORIZING THE BOARD.OF TRUSTEES (BOARD) OF
THE FIRE FIGHTERS' AND POLICE OFFICERS'
RETIREMENT TRUST TO INVEST UP TO
$30,000,000.00 FOR AN INTEREST IN A -LIMITED
PARTNERSHIP TO ACQUIRE, OWN AND OPERATE THE
FLORIDA' MARLINS BASEBALL TEAM, AS HEREIN
SPECIFIED; CONTAINING A REPEALER PROVISION
AND A SEVERABILITY CLAUSE; PROVIDING FOR AN
EFFECTIVE DATE. w
BE IT ORDAINED BY THE COMMISSION LW----Q1T CI
OF MIAMI,
FLORIDA:
Section 1. Section 40-195(c) o he Code of the City of _
Miami, Florida, as amended, is a eby mended in the following
particulars:l'
"Sec. 40-195. Trust fun ®.
im
1' Word/or figures stricken through shall be deleted.
UqftprscoYbd words and/or figures shall be added. The
raffining provisions are now in effect and remain unchanged.
.As ks indicate omitted and unchanged material.