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HomeMy WebLinkAbout~Master - Amending Chapter 32 of Municipal Code, Pertaining to Utility Retirement Fund ORDINANCE NO. 2086 AN ORDINANCE AMENDING CHAPTER 32 OF THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, BY REPEALING SECTIONS 32-35 AND 32-36 THEREOF; AND ENACTING NEW SECTIONS 32-35 AND 32-36 THEREOF PROVIDING FOR A TREASURER OF THE UTILITY RETIREMENT FUND AND BOND FOR SUCH TREASURER AND DIRECTOR OF FINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF AMES, IOWA: Section 1. That Sections 32-35 and 32-36 of Chapter 32 of the Municipal Code of the City of Ames, Iowa, be and the same are hereby repealed, and the following be and the same are hereby enacted in lieu thereof and shall be known as Sections 32-35 and 32-36 of the Municipal Code of the Cit y of Ames, Iowa: 32-35. TREASURER OF RETIREMENT FUND. The City Treasurer shall be the treasurer of the retirement system and shall furnish a corporate surety bond to indemnify the Board of Trustees for any loss which may result from any action or failure to act on the part of said Treasurer or his agents. The bond shall be in such amount as the Board may designate and all reasonable charges for such bond shall be paid from the retirement fund. All the funds from the retirement system and securities belonging thereto shall be deposited with the City Treasurer. All payments of the funds of the retirement system shall be made through the City Treasurer only upon ones signed by the Director of Finance and only as authorized by the Board of Trustees. 32-36. BOND OF DIRECTOR OF FINANCE. The Director of Finance shall furnish a corporate surety bond to indemnify the Board of Trustees for any loss which may result from any action or failure to act on the part of such Director of Finance or his agents. The bond shall be in such amount as the Trustees may designate and all reasonable charges for such bond shall be paid from the retire- ment fund. Section 2. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 3. This ordinance shall be in full force and effect from and after its passage and publication as provided by law. Passed this 20th day of July , 1965. M. W. JO DA , City Clerk PEARLE P. DE HART, Mayor Moved by Eschbach and seconded by Pasley Ordinance No. 2086 be Passed on its first reading. Voting Aye : Judge, Eschbach, Pasley, Bledsoe, Fisher Voting Nay: None Absent: None r - w Moved by Judge and seconded by Eschbach the rules governing the passage of ordinances be suspended, the second and third readings e omitted and Ordinance No. 2086 be placed for final adoption. Voting Aye: Judge, Pasley, Eschbach, Bledsoe, Fisher Voting Nay: None Absent: None Moved by Fisher and seconded by Bledsoe Ordinance No. 2086 do now pass. Voting Aye: Judge, Pasley, Eschbach, Bledsoe, Fisher Voting Nay: None Absent: None Mayor De Hart declared Ordinance No. 2086 duly adopted.