It is hereby declared to be the policy and purpose of the City of Cookeville, Tennessee, to extend, at the earliest date, to the employees and officials of the city, not excluded by law or this chapter, and whether employed in connection with a governmental or proprietary function, the benefits of the system of federal old age and survivors insurance. In pursuance of said policy, and for that purpose, the city shall take such action as may be required by applicable state and federal laws or regulations.
(1970 Code, § 1-701)