Subject to the provisions of section 9-51 hereof, the city, on behalf of itself and its employees is required to deliver or
cause to be delivered to the trustee such amounts of cash and other property acceptable
to the trustee as the fiduciary or an actuary (or an independent actuary engaged by
the trustee to make such determination) deems necessary to comply with the provisions
of the plan. All such amounts received by the trustee from the city shall constitute
one (1) common fund and may be commingled. Unless the context clearly implies or indicates
the contrary, the term "trust fund" comprises all property of every kind held by the
trustee, from time to time, pursuant to this agreement. The trustee shall have no
duty, express or implied, to compel any payment to be made to it by the city, or otherwise
be responsible for the adequacy of the trust fund to meet and discharge any liabilities
under the plan, and shall be accountable only for cash and other property actually
received by it.
(Ord. No. O-77-11, Art. XVII, 8-3-77)
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