§ 51.03 FUNDS TO BE CONTROLLED BY LICENSED BROKERAGE FIRM.
   (A)   The Council of the town is the owner and entity for establishing legislative authority of the town municipal water utility.
   (B)   The Town Council is the entity for providing benefits for the employees of the town water utility pursuant I.C. 8-1.5.
   (C)   The town water utility has been asked by the said employees to provide individual SEP accounts with their choice of brokerage firms/brokers and pursuant I.C. 8-1.5-3-7
   (D)   The town water utility will relinquish control of those funds to a licensed brokerage firm of the employee’s choosing.
(Res. 2006-W-69, passed 12-11-2006)