HomeMy WebLinkAboutItem #07 - First Reading OrdinanceJ-93-862
11/22/93
ORDINANCE NO.
AN ORDINANCE REPEALING ORDINANCE NO. 9959, AS
AMENDED, ADOPTED FEBRUARY 14, 1985, IN ITS
ENTIRETY, THEREBY RELEASING ALL LIMITATIONS
OF AUTHORIZED INVESTMENT OF CITY FUNDS OR
FUNDS OF ANY RETIREMENT PROGRAM CONTROLLED BY
THE CITY AGAINST THE REPUBLIC 'OF SOUTH
AFRICA; CONTAINING A REPEALER PROVISION AND A
SEVERABILITY CLAUSE.
WHEREAS, the Republic of South Africa has demonstrated
positive actions which will result in a more equitable sharing of
political power among th citizens of the Rep and
WHEREAS, Nels Man ela, the leader o t frioan National
Congress has d r se t e General A�em�i of the United Nations
urging the wo 1 oommuni
Rep io f ou h Africa;
N T EREFORE, BE
OF MI I, FLORIDA:
ty to lif
sanctions against the
BY THE COMMISSION OF THE CITY
Section 1. Ordinance No. 9959, as amended, adopted
February 14, 1985, is hereby repealed in its entirety, thereby
releasing all limitations of authorized investment of City funds
or funds of any retirement program controlled by the City against
the Republic of South Africa.