The trust indenture, hereby incorporated by reference, by and between Bobby G. Wiles, as trustor, and Bobby G. Wiles, Charles E. Kirkendoll, Ronnie Yocham, Joe Johnson, Kenneth Funk, Willard Wells, Lee Simmons, Clarence E. Briley and Jim Wright, as trustees, dated as of December 20, 1985, creating the Vinita utilities authority, a copy of which is on file and available for inspection in the office of the city clerk, wherein the city of Vinita, Oklahoma, is declared to be the beneficiary of said trust, is hereby approved and the city council hereby accepts beneficial interest in said trust for and on behalf of the city, as beneficiary thereof. (1986 Code § 18-28)