HomeMy WebLinkAboutRes. 95.09- Salary, Salary ReductionRESOLUTION N0.95- ~ y
At a regular meeting of the Rexburg City Council, held on July 5, 1995, with a majority
of the City Council being present, the following resolution was duly adopted:
WHEREAS the Rexburg City Council has adopted the City of Rexburg Salary Reduction
Plan: and
WHEREAS the employer (City of Rexburg) reserves the right in the plan and trust
agreement to amend the agreement by action of the Rexburg City Council;
NOW THEREFORE, BE IT RESOLVED, that the Rexburg City Council takes the
following action:
1. As permitted in the plan and trust agreement, the Rexburg City Council removes West
One Bank, Idaho, as Trustee, such to be effective July 5,1995, and
2. The Rexburg City Council appoints: Glen Pond, Farrell Young and Bruce Sutherland
constituting the Rexburg Finance Committee, as successor trustees, to the City of Rexburg Salary
Reduction Plan.
BY MOTION DULY MADE AND UNAMIOUSLY ADOPTED, this Resolution was
passed this 5th day of July, 1995.
Nile oyle, Mayor
ATTEST:
City Clerk, Rose~'agley
(SEAL)
ACCEPTANCE OF SUCCESSOR TRUSTEESHIP
The undersigned, Glen Pond, Farrell Young, and Bruce Sutherland, constituting the
Rexburg City Finance Committee, do hereby accept the duties and obligations as successor
trustees of the City of Rexburg Salary Reduction Plan. The undersigned do further agree that
they, or their successors, accept the conditions set forth in the trust agreement governing the trust
of the aforesaid plan, and further agree to be bound by all of the terms and provisions of said
trust agreement.
ACCEPTED THIS 5th day of July, 1995.
a
ruce ther~ ~ ~ ~~