That pursuant to the authority conferred by the laws of the State of Oklahoma and
for the purpose of encouraging continuity and meritorious service on the part of city
employees and thereby promote public efficiency, there is hereby authorized, created,
established, and approved and adopted, effective as of July 1, 1997, the funded pension
plan designated "Employee Retirement System of Altus, Oklahoma, Defined Contribution
Plan," (hereinafter called system), an executed counterpart of which is marked "Exhibit
A" and "Exhibit B" and attached hereto as part hereof.
(Ord. No. 97-20, § 1, 5-20-97)
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