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HomeMy WebLinkAbout533 - Employees Retirement System• 0 .,ORDINANCE NO.-533 AN ORDINANCE OF THE CITY - OF NEWPORT BEACH AUTH- ORIZING A CONTRACT BE- TWEEN THE CITY COUNCIL OF THE CITY OF NEWPORT ,BEACH AND THE BOARD OF ADMINISTRATION. CALIFOR- NIA STATE EMPLOYEES' RETIREMENT SYSTEM, PRO- VIDING FOR THE PARTICI- PATION OF SAID SUBDIVIS- ION IN SAID STATE EM- PLOYEES' RETIREMENT SYS- TEM, MAKING ITS EMPLOY- EES DIEMBERS OF S A I D ,SYSTEM. The City Council of the City of .Newport Beach does ordain as fol• lows: Section 1. That a contract is hereby authorized between the City Council of the City of New- port Beach and the Board of Ad- ministration, California State Em- ployees; Retirement System, a copy of said contract being at- tached hereto marked exhibit "A," and, by such reference made a part hereof as though herein set out in full. Section 2. The mayor of the City of Newport Beach is hereby authorized, empowered, and direct. ed to execute said contract for and on behalf of said Subdivision. Section 3, This ordinance shall take effect 31 days after the date of its adoption, and prior to the expiration of 5 days from the pass- age thereof shall be published at .least once in the Newport Balboa News - Times, a newspaper of gen- eral circulation, published and cir- culated in the Citv of Newport ;Beach, and thenceforth and there- after the same shall be in full force and effect. Adopted and approved this 19t11 day of March, 1945. CLYAN H: HALL, MaypS- Attest: :['RANK L. RINEHART, Clerk. Pub. —March 22, 1945.