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HomeMy WebLinkAbout02643 ORD - 11/22/1949AN ORDINANCE PROVIDING A FUND TO BE MAN AS THE .PO I,ICEE� M RETIRRIIENT RJkgMM FM., AC1:5 IZIG CONTRIBUTIONS TO SAID FUND_ FROM THE POLICEMEN'S RETIRFM@iT FUND OF TBE POLICE DEPABTIMT, APPROPRIAT- ING A LIKE AMOUNT FROM THE CITY FUNDS; PROVIDING FOR THE ADIQHISTRATION OF SAID NEW FUND; AND DECLARING AN EM- ERGENCY. WHEREAS. it is under consideration by the City Council of the City of Corpus Christi to elect to have the City employees, and particular- ly the employees of the Police Department. participate in the Texas Munioi- pal Retirement System; and, ]EIREAS, it will be necessary that payments be made each month as the City's contribution to the Trustees of said System; and. WHEREAS, the Police Department of the City of Corpus Christi has elected to participate in said Texas Mumi.cipal Retirement System and has on hand a fund known as the Policemen's Retirement Fund of the Police Do- partment Of the City of Corpus Christi and desires to make said fund avail- able to the City of Corpus Christi for the payment of the obligations of the City to said Texas Municipal Retirement System; NOW, TBEREFORE, BE IT ORDAIBED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TESASe SECTION le That. on behalf of the City of Corpus Christi. Texas, the City Council hereby accepts a remittance from the Policemen's Retirement Fund of the Polio* Department of the City of Corpus Christi, Taxes# in the amount of *11,478.63, which am shall be placed in a fund to be known as tbeePolioemen'e Retirement Reserve Fund" which food shall be kept separate from other funds and shall be expended subject to the provisions hereinafter contained. SECTION 2. There is hereby appropriated the sum of Eleven Thous- and Four Hftmdred Soventy�Eight and 85AOO Dollars (tll,476.65), which ava in- cludes the amount of 110,750.00 included in the budget under Code Es Polio* Division, from the General Fund of the City of Corpus Christi. and after the receipt of the remittances of said fund mentioned in Section 1 from the Policemen's Retirement Fund said $11.478.85 shall be transferred to the Policemen's Retirement Reserve Fund subject to the provisions hereinafter sot forth. SECTION 3e The Policemen's Retirement Reserve Fund shall be kept in a separate fund and used for the following purpeso*e a�y3 a. To make each and every psymeat and contribution payable to or due to be paid to the Texes Municipal Retirement System u the City of Corpus Christi may become obligated to pay by reason of its participation in such system as to the Police Department and the em- ployees thereof. b. In the event said Policemen's Retirement Reserve Fund shall amount in excess of the estimated amount necessary to defray the entire obligation of the City to the Texas Municipal Retirement System for the twelve month period beginning October 1, 1949, then such excess amount may be used for the purpose of payment of salary of one or more members of the Police force in excess of the number of policemen pro- vided for in the annual Budget adopted August 1, 1949. c. A complete statement of the expenditures made from said Policsmon's Retirement Reserve Fund shall be prepared and one copy of the same shall be furnished the Chief of the Police Department at the time of the exhaustion of the said Policaments Retirement Reserve Fand. d. The Director of Finance of the City of Corpus Christi is hereby directed to make remittances cut of said fund to the Board of Trustees of the Texas Municipal Retirement System, at its office in Austin, Texas, of each and all of the City's contribution to the system at the times required by said system. SECTION 4. The fact that municipal employees are not covered by Federal Social Security and that it will be in the public interest for the City to have its employees participate in the Texas Municipal He- tirement System at as early a,Idate as possible and that there is now on hand a fund from the Police Department which will enable the Police Depart - meat to commenoe participation immediately creates a public emergency and public imperative necessity requiring the suspension of the Charter rule that no ordinance or resolution shall be passed finally on thedate it is introduced and that such ordinance or resolution shall be read at three several meetings of the city Council, and the Mayor having declared that such public emergency and imperative necessity exist, and having requested that such Charter rule be suspended, and that this ordinance be passed finally on the date of its introduction and take effect and be in full force and effect from and after its passage, IT IS ACCORDINGLY SO ORDAINED. - PASSED AND APP %OVED this '11.4sy of M Jagnst, A. D. 1949- ST: ty sore el'y OVBD A3 LEGAL FORM - i t orn (0 1/ C-� City of Corpus Christi, Twma Corpus Christi, Texas �10 J . 'L Z . 1949 TO iH$ 1MERS OF THE CITY COUNCIL Corpus Christi, Texas Gentlemeni For the reasons act forth in the emergency clause of the fore- going ordinance, a public emergency and - imperative necessity exist for the suspension of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and that such ordinance or resolution shall be read at three meetings of the City Council; I, therefore, hereby request that you suspend said Charter rule or requirement and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Cotmcil. Raepeotfully, City of Corpus Christi, Texas The Cbarter rule was suspended by the fbllosing votes Leslie Wasserman Jack DeForrest AL- Barney Cott Sydney E. Herndon George L. Lowman The above ordinance was passed by the following vote: Leslie Wasserman. Jack DeForrest Barney Cott Sydney E. Herndon George L. Lowman AU43 , 1949 E certify to the City Council that the money required for the contract, agreement, obligation, or expenditure contemplated in the above and foregoing Ordinance is in the Treasury of the City of Corpus Christi to the credit of Fund Noe from which it is proposed to be drawn, and such money is not appropriated for any other purpose.