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• • • • PROVISIONS OF THIS SECTION, PROVIDED HOWEVER, UNLESS SOME OTHER PROVISION BE MADE BY COUNCIL FOR SUCH PAYMENT SUFFICIENT FUNDS SHALL BE RETAINED AS CASH IN THE FUND TO PROVIDE FOR THE PAYMENTS UNDER THE RETIREMENT PLAN. SEC. 2-200. ANNUAL REPORT. THE RETIREMENT PLAN COMMISSION SHALL, THROUGH THE TREASURER, NOT LATER THAN THE 28TH DAY OF FEBRUARY OF EACH YEAR, MAKE A REPORT OF THE CONDITION OF THE RETIREMENT FUND TO THE COUNCIL. THE REPORT SHALL CONTAIN ANY CHANGES THE RETIREMENT PLAN COMMISSION DESIRES TO RECOMMEND CONCERNING THE RETIREMENT FUND OR THE RETIREMENT PLAN AND SUCH REPORT SHALL ALSO STATE THE CASH RECEIPTS FOR THE YEAR IN DETAIL, AN ITEMIZED LIST OF SECURITIES BOUGHT OR SOLD, WITH THE PRICE PAID OR RECEIVED AND A DETAILED LIST OF ALL ASSETS OF THE FUND. SUCH REPORT SHALL BE AUDITED AND APPROVED BY THE SECRETARY OF THE RETIREMENT PLAN COMMISSION BEFORE IT IS PRESENTED TO THE COUNCIL. SEC. 2-201. DISBURSEMENTS. ALL DISBURSEMENTS BY THE RETIREMENT PLAN COMMISSION SHALL BE BY WARRANT OF THE SECRETARY, COUNTERSIGNED BY THE PRESIDENT OF THE COMMISSION, DRAWN ON THE TREASURER. SEC. 2-202. OPENING SAFETY DEPOSIT BOX. THE BANK SAFETY DEPOSIT BOX OF THE RETIREMENT PLAN COMMISSION SHALL BE OPENED ONLY IN THE PRESENCE OF THE TREASURER, OR HIS DEPUTY, AND ONE MEMBER OF THE RETIREMENT PLAN COMMISSION OTHER THAN THE TREASURER. L . CLERK ADOPTED BY THE COUNCIL JANUARY 6, 1964 AYES: MR. HAGGERTY, MR. LEE, MR. MOUNT, MR. PONTON AND MR. SCRIBNER. NOES: NONE. AN ORDINANCE AMENDING AND REENACTING CHAPTER 2 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, BY THE ADDITION THERETO OF A NEW SECTION NUMBERED 2-19.1 ENTITLED "INVESTMENT OF CITY FUNDS". BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT CHAPTER 2 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, IS HEREBY AMENDED AND REENACTED BY THE ADDITION THERETO OF A NEW SECTION NUMBERED 2-19.1 TO READ AS FOLLOWS: SEC. 2-19.1. INVESTMENT OF CITY FUNDS. FOR THE PURPOSE OF PRESERVING AND INVESTING ALL SURPLUS FUNDS OF THE CITY OF CHARLOTTESVILLE OTHER THAN THE RETIREMENT FUND AND THE SINKING FUND, THE MAYOR, THE CHAIRMAN OF THE FINANCE COMMITTEE OF THE COUNCIL, THE DIRECTOR OF FINANCE, THE CITY MANAGER AND THE TREASURER SHALL CONSTITUTE AN INVESTMENT COMMITTEE. THE COMMITTEE MAY INVEST ALL SURPLUS FUNDS, EXCEPT THE RETIREMENT FUND AND THE SINKING FUND, AS IT DEEMS DESIRABLE IN ANY SECURITIES WHICH, UNDER THE LAWS OF THIS STATE, ARE DESIGNATED AND APPROVED FOR THE INVESTMENT OF FIDUCIARY FUNDS. CLERK ADOPTED BY THE COUNCIL JANUARY 21, 1964 AYES: MR. HAGGERTY, MR. LEE, MR. MOUNT, MR. PONTON AND MR. SCRIBNER. NOES: NONE. AN ORDINANCE AMENDING AND REENACTING CHAPTER 3 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, BY THE ADDITION THERETO OF A NEW SECTION NUMBERED 35 ENTITLED "CITY -BIRD SANCTUARY". BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT CHAPTER 3 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, IS HEREBY AMENDED AND REENACTED BY THE ADDITION THERETO OF A NEW SECTION NUMBERED 35 TO READ AS FOLLOWS: