A.
The municipality hereby accepts for itself and on behalf of its officials, appointees and employees, except such as are hereinafter excluded from the provisions hereof, their dependents and survivors, the provisions, benefits and protection of the Federal Old Age and Survivors Insurance System, hereinafter designated as the "System," established by Title II of the Social Security Act, the same being Public Law 734 (81st Congress, Second Session, H.R. 6000) and to be cited as the "Social Security Act Amendments of 1950," as amended.
B.
The term "employee" as used herein shall mean an employee as defined by said Social Security Act and shall include both officers and appointees of the municipality.
C.
The employees of this municipality shall include all such employees as are hereby determined to be within and entitled to the benefits and protection of said system.
D.
Any employee of the municipality occupying a position not authorized for coverage by applicable state or federal laws or regulations of the Federal Administrative Agency is excluded.