HomeMy WebLinkAboutA001 - proof of publication, May 21, 1976 Proof of Publication in The .
the preceding fiscal year and AMES DAILY TRIBUNE
LEGAL NOTICE credited to the employee
accounts as of June 30 of that
ORDINANCE NO. 2546 preceding year."
AN ORDINANCE TO AMEND "Sec. 36-10027. Voting power. STATE OF IO�6'A,STORY COUNTY,se.
THE MUNICIPAL CODE OF Each Trustee is entitled to
THE CITY OF AMES, IOWA, BY one vote, except ex off:cio
REPEALING SECTION 36-10004 members, and at least the I � W. T. Farley on oath
(10), 36-10027, 36-10028, AND 36- approval of the majority of
10030 AS SAID SECTIONS HAVE the eight (8) voting trustees depose and say that I am pAMJ* fjt, foreman of
HERETOFORE EXISTED;AND, shall be necessary for every the AMES DAILY TRIBUNE, a daily
ENACTING NEW SECTIONS 36- decision or action by the
10004(10),36-10027,36-10028,AND board of trustees." newspaper, printed at Ames, Story County,
36-10030 FOR THE PURPOSE OF "Sec. 36-10028. Powers and
REVISING THE PROCEDURES duties. Iowa;that the annexed printed
AND PROVISIONS RELATIVE (a) The board of trustees 11 TO THE MANAGEMENT AND may adopt such rules and Ordinance GOVERNANCE OF THE actuarial tables, and employ
UTILITY R E T I R E M E N T such agents, physicians, ac- City O f L�fl@ S
SYSTEM; REPEALING ALL countants, actuaries or
ORDINANCES OR PARTS OF clerical assistance as it may 1 ORDINANCES IN CONFLICT deem necessary. Decisions was published in said newspaper for
HEREWITH TO THE EXTENT made by a majority of the
OF SUCH CONFLICT AND eight (8) voting Trustees not eonsecutiveweeks,thefirst
ESTABLISHING AN EF- inconsistent with the
FECTIVE DATE. provisions of this article shall and the last Of said publication was on the
BE IT ENACTED by the City be binding and conclusive on
Council for the City of Ames, all persons. The board is 21s t day of Lay
Iowa: entitled to rely upon the
Section 1. That the Municipal records of the city as to the
Code of the City of Ames, Iowa, service, age or earnings of
be, and the same is, hereby any employee or as to amy ,
amended by repealing Sections 36- other information pertinent to
10004 (10), 36-10027, 36-10028, and any calculation or deter- Sworn to before me and subscribe in my
36-10030 thereof as said sections mination under this resence b W T. Farley
have heretofore existed. retirement system. P y `i�1YXlSiS�LX,X
Section 2. That the Municipal (b) The board shall invest
Code of the City of Ames, Iowa, funds of The retirement this th da Df l"ay
be, and the same is, hereby fur- system not currently needed
Ther amended by enacting new for current costs in in-
Sections 36-10004(10),36-10027,36- vestments proper for The /
10028, and 36-10030 to read as funds of the city under the _ Notary Public
follows: laws of the state, and the in and for Story County.
"Sec. 36-10004 (10). Regular board may sell bny security
interest. The board of belonging to the retirement Fees, $ 29.00
trustees, at a meeting to be system."
held early in each fiscal year, "Sec. 36-10030. Audit, ac-
will determine the interest tuarial;valuation of system To
rate for employee con- be made.
tributions to be computed for Heuss Printing--76473
r
The board shall cause the
accounts of the retirement
system to be audited annually
by a certified public ac-
countant and shall submit an
annual statement to the city
r council as soon after the end
of each fiscal year as possible.
Such statement shall include
a balance sheet showing the
financial condition of the
system as of the end of the
fiscal year, a statement of
receipts and disbursements
during each year, a detailed
statement of investments and
such additional statistics as
are deemed necessary for a
proper consideration of the
financial condition of the
system and shall annually
prepare a report for each
employee of his accumulated
contributions and regular
interest accumulated thereon.
The board did in 1969 and
shall at least once in each five
(5) year period hereafter,
cause to be made an actuarial
evaluation of the retirement
system showing the actuarial
status of the system,including
the contributions required,
and shall make a report to the
city council and officials.
Section 3. All ordinances and
Parts of ordinances in conflict
herewith are hereby repealed to
the extent of such conflict.
Section 4. This ordinance shall
be in full force and effect from and
after its passage and publication
as required by law.
Passed this 18th day of May,
1976.
Lee Fellinger,
Mayor
Mary E. Paul,
City Clerk
Published in The Ames Daily
Tribune, May 21, 1976.