The chief administrative officer, with the advice and consent of the Council of the borough, is hereby authorized to appoint a trustee or trustees (hereinafter called “trustee”) and to enter into a trust agreement with said trustee upon such term or terms as the Council of the borough shall establish, to invest and re-invest the Fund and make payments out of the Fund in accordance with the provisions of the Plan and trust agreement.
(Prior Code, Ch. 1, Pt. 6, § 603) (Ord. 2-2001, passed 7-2-2001)