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20-1   GEORGE ROBERT WHITE FUND.
   No ordinances apply. See special statutes.
(CBC 1975 St. T16 c. 1; CBC 1985 20-1)
20-2   FRANKLIN INSTITUTE OF BOSTON.
   No ordinances apply. See special statutes.
(CBC 1975 St. T16 c. 3; CBC 1985 20-2)
20-3   OLD SOUTH ASSOCIATION.
   No ordinances apply. See special statutes.
(CBC 1975 St. T16 c. 5; CBC 1985 20-3)
20-4   CHARITABLE DONATIONS FOR INHABITANTS OF BOSTON.
   No ordinances apply. See special statutes.
(CBC 1975 St. T16 c. 7; CBC 1985 20-4)
20-5   EDWARD INGERSOLL BROWNE COMMISSION.
20-5.1   Board; Appointment; Compensation.
   In order to facilitate the achievement of the goals of Edward Ingersoll Browne as recited in clause sixth of a certain will of the said Edward Ingersoll Browne proved October 3, 1901, and to act as the sole and exclusive Agent of the city in expending any monies available or made available under that will, there shall be in the city a Board, to be known as the Edward Ingersoll Browne Commission, consisting of the Mayor, that member of the Boston City Council for the time being the senior member in time of service or, in the event that two or more members have equal service, the senior of those in age and the Collector-Treasurer. All Commissioners shall serve ex officio and without additional compensation. The Mayor shall be Chair.
(Ord. 1975 c. 5 § 1; CBC 1975 Ord. T16 § 300; CBC 1985 20-5.1)
20-5.2   Powers and Duties of Commission.
   The provisions of Section 10 of Chapter 25 of the Revised Ordinances of 1961 (Ord. Subsection 6-3.11) to the contrary notwithstanding, the said Commission shall prudently manage, invest and reinvest the funds bequeathed to the city under said will, together with such other sums as the Mayor and Boston City Council may make available to it, and shall expend the same in a manner agreeable to the said will, or agreeable to the provisions of any order making monies available to said Commission, but no such funds shall be expended except upon appropriation lawfully made after consultation with a Committee consisting of the following: one member appointed by the Mayor from two nominees of the Boston Society of Landscape Architects, one member appointed by the Mayor from two nominees of the Art Commission, the Park Commissioner and the Public Works Commissioner, or their respective designees, all of whom shall serve without further compensation, and those appointed by the Mayor shall serve at the pleasure of their nominating body.
(Ord. 1975 c. 5 § 2; CBC 1975 Ord. T16 § 301; CBC 1985 20-5.2)
20-5.3   Investment Counsel.
   The said Commission shall annually elect a firm or individual having not less than 20 years experience in the administration and investment of trust funds to serve as investment counsel and fund manager for such compensation as the Commission shall determine. The Commission may require said individual or firm to give bond for faithful performance of his, her or its duties, and for such other purposes as the Commission may require, in an amount agreeable to the said Commission. Said firm or individual and those members of the said Committee appointed by the Mayor shall be deemed to be special municipal employees for the purposes of M.G.L. Chapter 268A, but this Subsection shall not be deemed a waiver of the notice requirements of Section 8 of Chapter 486 of the Acts of 1909, as amended.
(Ord. 1975 c. 5 § 3; CBC 1975 Ord. T16 § 302; CBC 1985 20-5.3)
20-5.4   Meetings; Report.
   The said Commission shall meet at least quarterly on the first Wednesday or Thursday of January, April, July and October, at which meeting the firm or individual elected as investment counsel and fund manager shall furnish a report in writing, setting forth the current condition of the fund and any recommendations relative to the investment of the fund in the three months next following, together with the reasons for such recommendation. The said Commission shall, annually in January, submit to the Mayor and Boston City Council a report of its doings in the then previous year, together with an audited statement of the funds then in its control, and its estimate of the amount of money that will be available for expenditure in the then current year.
(Ord. 1975 c. 5 § 4; CBC 1975 Ord. T16 § 303; CBC 1985 20-5.4)
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