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• <br /> EVERETT <br /> ORDINANCE NO. 1903-92 <br /> AN ORDINANCE DELEGATING INVESTMENT AUTHORITY TO THE CITY <br /> TREASURER, ADOPTING AN INVESTMENT POLICY OF PUBLIC FUNDS, <br /> AND REPEALING ORDINANCE NO. 901-82. <br /> WHEREAS, R.C.W. 35.39.032 provides that a city may authorize <br /> either a city official or a committee to make investments; <br /> and <br /> WHEREAS, the City needs to adopt a written Investment Policy <br /> which applies to all financial assets of the City, except <br /> Firemen's Pension Fund which is covered in a separate <br /> investment policy; and <br /> WHEREAS, Ordinance No. 901-82 needs to be revised to <br /> include authorization of the investment policy; and <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1. The City hereby authorizes the City Treasurer to <br /> make investments. <br /> Section 2 . The City hereby adopts the attached Investment <br /> Policy written by the City Treasurer and dated as of the <br /> date hereof, and such policy shall supersede any previous <br /> investment policies followed by the City Treasurer. This <br /> Investment Policy shall apply to all financial assets of the <br /> City, except Firemen's Pension Fund which is covered in a <br /> separate investment policy. <br /> Section 3 . The authority granted to the City Treasurer <br /> shall be within the content of the City's Investment Policy <br /> hereby attached. <br /> Section 4 . Ordinance No. 901-82 is hereby repealed. <br /> PETE KI C' , Mayor <br /> ATTES <br /> "1,1•11X...• <br /> CITY CLE" - <br /> Passed: 11/25/92 <br /> Valid: 11/25/92 <br /> Published: 12/09/92 <br /> Effective: 12/11/92 <br />