O-549-92 uRDINANCE NO. 549-92
AN ORDINANCE OF MIAMI SHORES VILLAGE , FLORIDA,
AMENDING THE MIAMI SHORES VILLAGE PENSION PLAN;
AMENDING SECTION 18-40, MIAMI SHORES VILLAGE CODE
TO AUTHORIZE THE PENSION BOARD TO INVEST THE ASSETS
OF THE PENSION FUND IN ACCORDANCE WITH GUIDELINES
ADOPTED BY THE BOARD.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF MIAMI
SHORES, FLORIDA:
Section 1 . A new sub-section ( 11 ) of Section
18-40 of Article III of the Miami Shores Village Code of
Ordinances Is hereby created to read :
( 11 ) Invest and re-Invest the assets of the
pension fund according to the Investment procedures In the
Miami Shores Village Employees Retirement Plan Statement of
Investment Policy Goals and Guidelines as adopted by the
Pension Board and which Is herein Incorporated by reference.
Section 2 . Sub-section ( 11 ) of Section 18-40 of
Article III of the Miami Shores Village Code of Ordinances Is
hereby renumbered as sub-section ( 12) .
Section 3 . If any section or portion of this
Ordinance Is held Invalid by a court of competent jurlsdic-
tion, such holding shall not affect the validity of the re-
maining portions of this Ordinance.
Section 4. This Ordinance shall become effective
on the date of adoption .
Approved on first reading this 18 day of February
1992 .
Approved and adopted on second reading this 3rd day
of March 1992 .
ATTEST :
MIAMI SHORES VILLAGE CLERK Steven,�r. ,Zohnson
By _,Z�Q Mayor
Scott W. Davis, Deputy Clerk
APPROVED AS TO FORM:
By: 4
William F . ra6n(, Jr .
Village Attorney