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<br />ORDINAACE NO. 0 i - /)~ It} <br /> <br />AN ORDINANCE OF THE CITY OF CASSELBERRY, <br />AMENDING CHAPTER 62, PERSONNEL, ARTICLE XXI, <br />POLICE OFFICERS' AND FIREFIGHTERS' PENSION PLAN, <br />OF THE CODE OF ORDINANCES OF THE CITY OF <br />CASSELBERRY; AMENDING SECTION 62-2004, FINANCE <br />AND FUND MANAGEMENT; AMENDING SECTION 62-2019 <br />EXEMPTION FROM EXECUTION, NON-ASSIGNABILITY; <br />PROVIDING fOR SEVERABILITY OF PROVISIONS; <br />REPEALING ALL ORDINANCES IN CONFLICT HEREWITH <br />AND PROVIDING AN EFFECTIVE DATE. <br /> <br />BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF <br /> <br />CASSELBERRY, FLORIDA; <br /> <br />SECTION 1: That Chapter 62, Personnel, Article XXI, Police Officers' and Firefighters' <br /> <br /> <br />Pension Plan, of the City of Casselberry Code of Ordinances, is hereby amended by amending <br /> <br /> <br />Section 62-2004, Finance and Fund Management, subsection (1)(2)., to read as follows: <br /> <br />SECTION 62-2004. FINANCES AND FUl\'D MANAGEMENT. <br /> <br />. * . . <br /> <br />(t). The Board shall have the following inves1rnent powers and authority: <br />(1.) The Board shall be vested with full legal title to said Fund, subject, however, <br />and in any event to the authority and power of the Casselberry City <br />Commission to amend or terminate this Fund, provided that no amendment <br />or Fund termination shall ever result in the use of any asscts of this Fund <br />except for the payment of regular expenses and benefits under this System, <br />except as othcrwiscprovided herein. All contributions from time to time paid <br />into the Fund, and the income thereof, without distinction bctween principal <br />and income, shall be held and administered by the Board or its agent in the <br />Fund and the Board shall not be required to segregate Or invest separately any <br />portion of the Fund. <br />(2.) All monies paid into or held in the Fund shall be invested and reinvested by <br /> <br />. <br />the Board and the investment of all or any part of such funds shall be subiect <br /> <br />l;",ih;d to the followinl1:: <br /> <br />1 <br />