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ett <br /> OW <br /> ORDINANCE NO. 3536-17 <br /> AN ORDINANCE adopting a revised Investment Policy of Public Funds and superseding <br /> Ordinance NO. 2513-01 <br /> WHEREAS, the City of Everett has developed revisions to its investment Policy that reflect <br /> changes in regulatory requirements, Finance department organization, and best practices; <br /> and <br /> WHEREAS, the City's Investment Policy applies to all financial assets of the City, except the <br /> Police Pension and Fire Pension funds, which are covered by separate investment policies; <br /> NOW THEREFORE,THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: The City hereby adopts the Investment Policy, which is attached hereto and <br /> incorporated herein by reference, and such policy shall supersede any previous investment <br /> policies. This investment Policy shall apply to all financial assets of the City, except the Police <br /> Pension and Fire Pension funds, which are covered in separate investment policies. <br /> Section 2: Ordinance No. 2513-01 is hereby superseded. The enactment of this ordinance <br /> shall not affect or in any way modify any obligation, right, or liability which may exist by virtue <br /> of the ordinance herein superseded. <br /> Section 3: If any section, subsection, sentence, clause, phrase, or word of this ordinance <br /> should be held to be invalid or unconstitutional by a court of competent jurisdiction, such <br /> invalidity or unconstitutionality thereof shall not affect the validity or constitutionality of any <br /> other section, subsection, sentence, clause, phrase or word of this ordinance. <br /> E 41010 <br /> Ray S anson, 9.ayor <br /> ATTEST: , / in/ CCK <br /> City Clerk <br /> Passed: 3/29/2017 <br /> Valid: 4/04/2017 <br /> Published: 4/09/2017 <br /> Effective: 4/19/2017 <br />