(A)
The
City Council acting for and on behalf of the City, shall enter into
all necessary agreements with the state department of public welfare
for the purpose of carrying out the provisions of applicable state
and federal laws relative to Federal Old Age and Survivors’
Insurance benefits for employees of the City.
(B)
The
Mayor is hereby appointed as agent of the City Council to execute
all necessary agreements and instruments for and in behalf of the
City Council and City.
The Assistant City Manager is hereby directed to be the person
responsible for making assessments, collections, payments, and reports,
as required by the state department of public welfare in connection
with the Federal Old Age and Survivors’ Insurance Program.
A sufficient sum of money shall be allocated and set aside from
available funds for the purpose of carrying out the provisions of
the Federal Old Age and Survivors’ Insurance Law, under applicable
state and federal laws, such money so allocated and set aside to be
known as the “City Social Security Fund,” which fund shall
be set aside and maintained in the regular City depository.
