HomeMy WebLinkAboutItem #22 - First Reading OrdinanceJ-94-810
10/03/94
ORDINANCE NO.
h AN ORDINANCE AMENDING SECTION 40-229 OF THE
CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED, BY PROVIDING FOR CHANGES IN
INVESTMENT GUIDELINES AND TYPES OF FUNDS WHERE
INVESTMENT MAY BE MADE FOR MEMBERS OF CITY OF
MIAMI GENERAL EMPLOYEES' AND SANITATION
EMPLOYEES' RETIREMENT TRUST; CONTAINING A
REPEALER PROVISION AND A SEVERABILITY CLAUSE;
PROVIDING FOR AN EFFECTIVE DATE.
00
WHEREAS, the Board o rustees for the CitArus
ami General
Employees' and Sani loyees' RetirT�Itt< recommends
modifications to Se ?ionk4PO-229 h� Code of the City of
Miami Flor a, lating to Ge 1 mployees' and Sanitation
Empl yees' r irementPBORDAINED
once estment guidelines and types
of fu where invest made;
NO , THEREFORE, BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. Section 40-229 of the Code of the City of
Miami, Florida, as amended, is hereby amended in the following
particulars:l/
Sec. 40-229. Trust fund.
(C) Investments.
(1) Trust funds may be invested without
limitation in:
1/ Words and/or figures stricken through shall be deleted.
Underscored words and/or figures shall be added. Remaining
provisions are now in effect and remain unchanged. Asterisks
indicate omitted and unchanged material.