HomeMy WebLinkAboutItem #18 - First Reading OrdinanceORDINANCE NO,
AN ORDINANCE AMENDING THE MIA:•:: CITY
LM11110YEES ' RETI.REMENT PLAN (O1:DI N:,N;;.1; :NO, 562
DATED MAY 2, 1956, AS AMENDED) AND As APPEARINI;
IN CODIFIED FORM AS PART OF C1iAPTZII 4"
I:IITITLED "Personnel" OF THE CODE nF TEE CITY
NIA I., F1,0R1.1)A, rFFI:CTIVE Si i'T1::??;•',1:..
i01:I: PAi;'r1CULARLY ANE,NDING 'l•lli: FOLD).:.i Ni6
VISIONS 01- SAID CHAPTER OF SAID CODE: SIiC-
7'IOrl 40-234 liNTvrl,xD "Admin-is,r,..tian" 6
01. UNT1'1'1,1.1) SUBSECTIONS (a) Tli':012,011 (c;i TiiLRE(.,,
A,;I) SUBSTITUTING 'IHE'REFOR TWO NEI.-; SJ? sjEC'rIONS
ENTITLED "(a) Retiremont Board" Pensi.0;1
bUtleCiLs Bonrd"; SECTION 40-237
1;Y AMENDMENT THERhT0; SLCTIONi 40-237
Of Funds.'". BY U'PL;ALING SUBS't:C1im: (..; :iii:Ri:O. .:XT...-
1.),I) "Gcncraily; agreement" AND SL'3S'.'L`i'U'fIN:C ",'iii:l';1:.'Oit
111!Eh S1.;13SECTION (A), BY AMENll1XGE 0i
,:;:T1.'!'l,Ei) "Appointment of succr:bsor tr., :c:c" AND SU3S'1'I-
TUTING 'I'll EREFOR A NEW SUBSECTION (C) , ;;Y ADDINC
r+ ti1SW Ut;'l'1'1'1.1:1) SUI3PARAGIIAPIi (3)
TII1:I;E0F ENTITLE'?) "Duties and rC.";),•Dtl;, !JL:Lu,.
1: rustec", BY AMEIN; D1.NG SU11SECT'ION' (G 1,1•?i:l;l:;,
1:NI-Url.l:l) "investment authority"; St:C'i . o: 40
l:,MTLE'D "Deti1.);natiotl of Cori)0:,:t.
n,:c .1)t:tnCe titat•cof" BY RI:PEAT. ':!ic:,.,iC: %X 1'"S
F: T I. I,ETY ; GENEP!t 1,LY PitUV I.DI IN.)
XEN'TS '1'0 SA11) CHAPTER FOR 'I'GI': .,.,..i.,T,,;....'i lG:.
OF SAID PLAN TO BE, V1•:S'rl:l) INS 'rii., C:?':;' 11,;:i:..S:-,
:,ND FO',t THL CITY COIMMISSIO,iG;:S 'I.
I;IUS'I'l:i: OF '1'INi: PLANS TRUST FUNDS, !'1:...'.:...,
VIDItiG BY SAID AN•Il:NDN•1EINTS FOR
ACQUITTANCE OI' PRE-SENi'r
PLAN BOARD Mh:MBGRS W110 WILL.
;i) FURTHER RIsSI10N'SIBILJ'rY, AI"1'lii,}•:IT': v :'U',;1
TO ACT LN ANY 1-1ANNER, INDiV1FjLA!.?.'i
OF SAID PLAN' OR 11LAN N1`N!11ERS; ;',: ii t'•;.. i'.... :i., ...:'.':'� .
OF LIMITATION'S UPON INVl:ST,IMEI'::
i;J:TENTIOX' OF THE EXTSTINC;
V 10,'; AND ATTAII''Ei T 01' i'Ri)I'1::". 1 i:;> ::�'.'::S'.:::-,:: '..
'r:il1.Ci[ MEIN OF 1'UDENCE, 1)ISCiil:,
ACUUIRN AN;U ATTAIN FOR THEIR W.,X
INC; A KE'PEALER PROVISION'S AN'.) A S,:'t'i:•„6 S1 .
CITY COMMISSION
MEETING OF
SEP 151980
ORDINANCE NO.�,, „ ,,,
'nd NEADIPIa,........................
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