HomeMy WebLinkAboutItem #13 - First Reading OrdinanceJ-97-776
11/10/97
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ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 40-245 OF THE
CODE OF THE CITY OF MIAMI, FLORIDA AS
AMENDED, BY PROVIDING FOR INVESTMENTS TO BE
MADE IN ASSET BACKED SECURITIES FOR MEMBERS
OF THE CITY OF MIAMI GENERAL EMPLOYEES' AND
SANITATION EMPLOYEES' RETIREMENT TRUST
("GESE TRUST"); CONTAINING A REPEALER
PROVISION AND A SEVERABILITY CLAUSE;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Board of Trustees for the City pienerial Employees'
and Sanitation Employees' Retirement Trust recorn = naon to Section
40-245 of the Code of the City of Miami, orid relating to General Employees'
and Sanitation Employees' retirement o n types of funds where investments
may be made;
NOW, THEREFORE I RDIINED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
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Section Section 40-245 of the Code of the City of Miami,
Florida, as (?)
d, re hereby amended in the following particulars:!/
'- rds and/or figures stricken through shall be deleted. Underscored words
or figures shall be added. The remaining provisions are now in effect
a remain unchanged. Asterisks indicate omitted and unchanged material.