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is hereby amended to read as follows: <br /> The face amount of life insurance and the principal sum of accidental death and <br /> dismemberment insurance for a Councilmember shall be equal to two times the <br /> Councilmember's basic annual earnings, rounded to the next higher multiple of <br /> $1,000, if not already a multiple of$1,000,plus $2,000. The maximum face <br /> amount and maximum principal sum shall each be $150,000. <br /> Section 4: Section 3.A.6 of Ordinance No. 1594-89 which reads as follows: <br /> The face amount of life insurance the principal sum of accident insurance for a <br /> Councilmember age 70 or over shall each be equal to one-half the applicable <br /> amounts determined above. <br /> is her`/ repealed. <br /> �'/i/ <br /> WARD D 'AN:EN, Mayor <br /> ATTEST: <br /> --)//? <br /> City Clerk <br /> Passed: 12-12-01 <br /> Valid: 12-20-01 <br /> Published: 12-24-01 <br /> Effective: 1-5-01 <br /> Apptv Life Ins/jls/winword/ordinances <br />