HomeMy WebLinkAbout1972 40_City joins OMRF_1972.06.19OWASSO, OKLAHOMA
RES0LXM10N-B0;URD OF TRUSTEES N. 40
RESOLVED THAT:
(1) nee Agreement to of and combine the retirement fund with
the retirement funds of other incorporated Cities and Towns, and the
Trust Indenture titled "Oklahoma Mnicipal Retirement Fund, " respectively,
copies of which instrumnts have been presented to the Board of Trustees
at this meting, be, and they are hereby each approved and adopted
effective as of July 1, 1972
(2) The President of the Board of Trustees and the City Clerk be
and they are hereby authorized to forthwith execute the said Agreement
and Trust instrumnts and to do all other acts and things necessary and
proper to put the Agreement and Trust into full force and effect.
(3) Thie President of the Board of Trustees and the City Clerk are
hereby authorized, if deeirined necessary, to sifbmit, or have submitted,
executed, verified counterparts of the Ordinance, the Employee Retirement
System (attached to the Ordinance as "Exhibit A"), the Agreement and
Trust instrumnts, and is adoption resolution, to the District Director
of Internal Revenue at Oklahoma City, Oklahom, in support of a recruest
for a letter of determination to the effect that the Employee Retiremnt
System and Trust are qualified for tax purposes.
(4) Whereas, in the judgmnt of 4.--he Board of Trustees of the Town
of Owasso, Oklahoma, the public peace, health and safety of the City
and the inhabitants thereof demand the immediate passage of this Resolution,
an ener is hereby declared, the rules are suspended and this Reso-
lution shall be in full force and effective on it assage.
,Vproved and adopted this —L-Z- day e 19
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