HomeMy WebLinkAbout1988 07_Adopting OMRF_1988.06.28-RESOLUTION NO. 88-07
A RESOLUTION OF CITY OF OWASSO ADOPTING BY REFERENCE THE TRUST INDENTURE
TITLED, "OKLAHOMA MUNICIPAL RETIREMENT FUND" AND AUTHORIZING THE MAYOR
AND CLERK TO EXTCUTE TIE AGREEMENT TO POOL FUNDS WITH OTHER OKLAHOMA
CITIES AND TOWNS FOR PURPOSES OF ADMINISTRATION, INVESTMENT, AND MANAGE-
MENT.
W111EREAS, the City Council of the City of Owasso has heretofore a-
dopted an Employee Retirement System by Ordinance No 146 dated
-June 19 — 9 19 72 ; and
WHEREAS, the City Council of the City of Owasso has determined that
it is advisable to enter into a pooling agreement with the Oklahoma
Municipal Retirement Fund, a public trust, for purposes of administra-
tion, investment, and management of the funds of the Employee Retirement
System of City of Owasso.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Owasso that the Mayor and Clerk of the City of Owasso are hereby au-
thorized to enter into the agreement for pooling of funds, same being at-
, ac, hed hereto as Appendix B and incorporated herein by reference, effec-
t
tive as of July 1, 1988,
BE IT FURTHER -,RESOLVED that the Trust Indenture of the Oklahoma
Municipal Retirement Fund, a public trust, is hereby adopted, accepted,
and approved, same being attached hereto as Appendix C and incorporated
herein by reference, effective as of July 1, 1988.
_0
lassed and approved by the City Council of the City of Owasso this
",lav of June
19 88
ATTEST:
Clerk',
lerk Jane Buchanan
City of Owasso
MY ,or Macy,, P. Lamb
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