(A) Execution of agreements.
(1) The City Commission, acting for and on behalf of the city, shall enter into all necessary agreements with the State Department of Public Welfare for the purpose of securing federal old age and survivor's insurance benefits for city employees under applicable state and federal laws.
(2) The Mayor is appointed as agent of the City Commission and of the city to execute all necessary agreements and instruments for and on behalf of the City Commission and the city.
(B) Duties of City Secretary. The City Secretary is directed to be the person responsible for making assessments, collections, payments and reports, as required by the State Department of Public Welfare, in connection with the federal old age and survivor's insurance program for city employees.
(C) Fund established. A sufficient sum of money shall be allocated and set aside from available funds for the purpose of carrying out the provisions of applicable state and federal laws relating to the federal old age and survivor's insurance program, the money so allocated and set aside to be known as the City Social Security Fund, which fund shall be set aside and maintained in the regular city depository.
(Ord. 325, passed 12-11-1972)