In carrying out their duties and responsibilities hereunder, the Trustees shall hold and deal with the assets of the fund in accordance with the provisions of the plan. Subject to § 32.038, such assets shall be held in certain special investment funds, including the “Fixed Income Fund” and the “Equity Securities Fund” (as such funds are defined by the plan), and such other special investment funds as may, from time to time, be provided for under the plan. As soon as practicable after receipt of amounts applicable to investments in the Fixed Income Fund, the Equity Securities Fund or such other special investment funds as may, from time to time, be provided for under the plan, the Trustees shall invest such amounts in such funds. The Trustees may delegate their powers with respect to each special investment fund to an Investment Manager pursuant to § 32.031.
(Ord. MET 86-13, passed 5-30-1986)