(A) The Mayor and City Clerk are each authorized and directed to execute (in counterparts, each of which shall constitute an original) the system instrument, and to do all other acts and things necessary, advisable and proper to put the system and related trust into full force and effect, and to make such changes therein as may be necessary to qualify the same under Sections 401(a) and 501(a) of the U.S. Internal Revenue Code.
(B) (1) The counterpart attached to the ordinance enacting this section as Exhibit “A” and Exhibit “B,” which has been duly executed with the passage of the ordinance enacting this section and made a part hereof, is hereby ratified and confirmed in all respects.
(2) This Committee is hereby authorized and directed to proceed immediately on behalf of thecity to pool and combine the fund into the State Municipal Retirement Fund as a part thereof, with similar funds of such other cities and towns, for purposes of pooled management and investment.
(Prior Code, § 2-305) (Am. Ord. 1756, passed 11-1-05; Am. Ord. 1844, passed 11-16-10; Am. Ord. 1886, passed 12-16-14; Am. Ord. 1902, passed 6-2-15; Am. Ord. 1982, passed 10-7-19; Am. Ord. 1983, passed 10-7-19; Am. Ord. 2020, passed 3-15-22; Am. Ord. 2021, passed 3-15-22)