Laserfiche WebLink
E,44L/ FETT <br /> ORDINANCE NO. 2083-95 <br /> AN ORDINANCE delegating investment authority to the City Investment Committee, <br /> adopting an Investment Policy of Public Funds, and repealing Ordinance No. <br /> 1903-92 <br /> WHEREAS, RCW 35.39.032 provides that a city may authorize either a city <br /> official or a committee to make investments; and <br /> WHEREAS, the City need to update a written Investment Policy which applies to <br /> all financial assets of the City, except the Police Pension Fund and the <br /> Firemen's Pension Fund which are covered by separate investment policies; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: The City hereby authorizes the City Investment Committee to make <br /> investments. <br /> Section 2: The City hereby adopts the attached Investment Policy dated as of <br /> the date hereof, and such policy shall supersede any previous investment <br /> policies. This Investment Policy shall apply to all financial assets of the <br /> City, except the Police Pension Fund and the Firemen's Pension Fund which are <br /> covered in separate investment policies. <br /> Section 3: The authority granted to the City Investment Committee is <br /> included within the content of the attached City's Investment Policy. <br /> Section 4: Ordinance No. 1903-92/ereby repealed. <br /> -dArnforA <br /> L ay/44-04 <br /> /I <br /> . ars 1 'anse . Mayor <br /> ATTEST: <br /> AO, ' <br /> 4,-,‘L,_. ... ,. ., <br /> City Clerk <br /> Passed: 08/23/95 <br /> Valid: 08/25/95 <br /> Published: 08/31/95 <br /> Effective: 09/10/95 <br />