HomeMy WebLinkAboutItem #19 - First Reading Ordinanceall # 9
J-92-511
6/26/92 r
ORDINANCE NO.
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.
WHEREAS, the Board of Trustees for the City of Miami General
Einpl9yeesI and Sanit iI Employees' Retirement Trust recommends
modifications to Se tion 40-229 the Code of the City of
Cr
Mi F1 ri a \ rEtin tot�eral Employees' and Sanitation
�► , 9 ''
Employees' etirement � ning investment guidelines and types
of funds where ' e e t may be made;
NOW, THEREF RE, BE IT ORDAINED 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:1/
"Sec. 40-229. Trust fund.
(C) Investments.
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.
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