The assets and liabilities of the plan, which are currently considered assets and liabilities of the Northeast Illinois Regional Commuter Railroad Corporation, will be transferred to the trust as soon as practicable after the adoption of the trust, incorporated in Chapter 36, is adopted, and that the Northeast Illinois Regional Commuter Railroad Corporation act as the trustee of such trust, effective as of the date set forth therein.
(Ord. NIRC 97-1, passed 1-15-1997)