HomeMy WebLinkAboutORD 1057 - ORD 731 Passed Nov 18,1947
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ORDINANCE, NUMBER J 0'57
\vHEREAS, by' Ordfnance Number 731 passed on the 18th day of November,
1957, the City Commission, acting under the provisions of (1) House Bill 603,
Acts 52nd Leg. ,R. S. ;, 1951,. and' (Z): Pub 1 i cLaw 734, 81 s t Congress, ch. 809, 2d,
H.R. 6000, entered into an agreement with the State Department of Public Wel-
fare and secured the benefits of Fedetal Old-Age and Survivors Insurance, as
outlined in said laws; and
, WHEREAS,_~ection4 pfprdinance Number 731 provided that a sufficient
sum of money' be al16cate.d~ and set aSlde from available funds for the purpose of
carrying out the provisions of the above-mentioned acts, such money so allo-
cated and set aside to be know as the City of West tlniversity Social Security
Fund, which fund shall be set aside and maintained in the regular city deposi-
tory; and
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WHEREAS, a separate fund is no longer required by. theSoci a 1 Securi ty
Administration to guarantee payment of social security taxes as long as social
security taxes are budgeted annually; and
WHEREAS, the city has, for the past several years, budgeted social
security taxes as a current budget item.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF
WEST UNIVERSITY PLACE, TEXAS:
Section 1. That Ordinance Number 731 be amended to delete in its
entirety Section 4 as hereinabove stated.
Section 2. That the CHy Treasurer be authorized to make the neces-
sary journal entry to el,iminate the Social Security Fund.
PASSED AND APPROVED this 26th day of January, 1976.
Commissioners Voting Aye: All
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ayor
ATTEST:
'~ )fdWt.h~
Assistant City Secretary
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