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HomeMy WebLinkAbout434_Dissolving Trust and Agency Fund_Reserve Fund in Ord 393_OMLMAG Workers Comp & Transfer to General Fund91 033644 5354 0433 ORDINANCE NUMBER 434 CITY OF OWASSO, OKLHAOMA AN ORDINANCE PROVIDINGFOR DISSOLUTION OF A TRUST AND AGENCY FUND FOR THE PURPOSE OF PAYMENT OF WORKERS COMPENSATION CLAIMS HERETOFORE EXISTING BY VIRTUE OR ORDINANCE NUMBER 396 AND AUTHORIZING THE TRANSFER OF SAME, DECLARING AN EMERGENCY. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OWASSO, OKALAHOMA, THAT: Section One: The trust and agency fund heretofore established by the City of Owasso, Oklahoma, pursuant to Ordinance Number 396 is dissolved; and the City Treasurer is hereby authorized to transfer any remaining funds therein into the General Fund. Section Two: By reason of the fact that postponement of the effectiveness of this Ordinance could result in the loss of monies for the City of Owasso, Oklahoma, and /or the postponement of payment of legitimate claims for medical services and supplies arising from claims against the Workers Compensation Self Insurance Fund, an emergency is hereby declared to exist whereby the provisions of this Ordinance shall become effective upon the date of first publication of this Ordinance. Dated this 20th day of August, 1991. ATTEST: Jane Buchanan, City Clerk APPROVED AS TO FORM: Ronald D. Cates, City Attorney CITY OF OWASSO, OKLAHOMA By: John Phillips, Mayor day of Notary Public MY, Cottunission expires:--- MAR 2 0 1993 PUBLISHER'S FEE $ 20.60 Published in the Owasso Reporter, Owasso, Tulsa County. Okla- ham August 29, 1991. ORDINANCE NUMBER 434 CITY OF OWASSO, OKLAHOMA AN ORDINANCE PROVIDING FOR DISSOLUTION OF A TRUST AND AGENCY FUND FOR THE PURPOSE OF PAYMENT OF WORKERS COMPENSATION: CLAIMS HERETOFORE EXIST- ING BY VIRTUE OF ORDINANCE NUMBER 396 AND AUTHORIZING THE TRANSFER OF SAME. DECLARING AN EMERGENCY. Dated this 20th day of August, 1991. CITY OF OWASSO, OKLAHOMA BY:/&/ JOHN PHILLIPS John Phillos. Mayor ATTEST.'18/ JANE BUCHANAN Jane Buchanan, City Clark APPROVED AS TO FORM: