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<br /><h NOlwithstandin~ anv limitation provided for in Chaotcrs 175 and 185. <br />Florida Statutes to the contrary (unless such limitation mav not be amended <br />bv local ordinance) or anv limitation in prior citv ordinances to the contrary, <br />all monies paid into or held in the Fund mav be invested and rcinvested in <br />such securities. investment vehicles or propertv wherever situated and of <br />whatever kind. as shall be auuroved bv the Board. includinl! but nOllimited <br />to common or preferred stocks. bonds. and othcr cvidences of indebtedness <br />or ownershio. In no event. howevcr. shall more than ten uercent of the assets <br />of the Fund be invested in foreillIl securitics. unless Chaoters 175 and 185, <br />Florida Statutes. are amended to removc or change or this mandatory <br />restriction. <br />b. The Board shall develoo and adoot a written investment oolicv <br />statement setting forth permissible types ofinvestmcnts. goals and obiectives <br />of investments and setting Qualitv and Quantitv limitations on investments in <br />accordance with the recommendations of its investment consultants. The <br />invcstmcnt ooliev statement shall be reviewed bv the Board at lcast annuallv. <br />c. In addition. the Board mav. uoon recommendation bv thc Board's <br />investment consultant. make investments in 1!1'0UO trusts meetinl! the <br />reQuirements of Internal Revenue Service Revenue Ruling 81.100 or <br />successor rulings or guidance of similar import. and while anv oortion of the <br />assets of the Fund are invested in such a grOUP trust. such grOUO trust is itself <br />adopted as a part of the Svstem or olan. <br /> <br />A. Allllu~t] CLJ,J.J la~1.. ~U;)l,.lhUJ,",1". ....vuhu.....l,j u~lt 1;& jll.$UI 'olin....... IooVIUl-/Q.I';.....J ;11 <br /> <br />ALUVUJ...L.J .:I\....f.S....;....ul tv pIa... ;d~~ ;11 n llvl"" VI ~.u ,..",11 l, lll..... CH':"l(.f';t", tv <br /> <br />nl..;.....ll all of tL, i"k'II"v\.lq :11 LL,I". r UJ.J.d ;)Lull D\". ,ntitlcd. Ulld\,..I, till;; <br /> <br />jJIV.:,j:VU.J ufO...:", SJ~t'll.i lllJdpd..J tl"... :1I:t:a.l....ud. ",wh"'''''''1u,",ut ~!""III;UHl <br /> <br />tll'-''''VU. <br /> <br />2 <br />