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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