ORDINANCE NO. 412 PROVIDING FOR CONFLICTING PROVISIONS; DIRECTING THAT COPIES OF THIS ORDINANCE BE

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1 ORDNANCE NO. 42 AN ORDNANCE OF MARTN COUNTY, FLORDA': AUTHORZNG THE NVESTMENT OF SURPLUS PUBLC FUNDS N SHARES OF NVESTMENT FUNDS CREA*D BY THE FLORDA COUNTES NVESTMENT TRUST: i PROVDNG FOR CONFLCTNG PROVSONS; DRECTNG THAT COPES OF THS ORDNANCE BE 2 FLED WTH DEPARTMENT OF STATE; AND PROVDNG FOR AN EFFECTVE DATE AND CODFCATON. 3 NOW THEREFORE, BE T ORDANED BY THE BOARD OF COU TY 4 COMMSSONERS OF MARTN COUNTY, FLORDA: SECTON. DEFNTONS. Unless context of 6 indicates anor meaning or intent, following words and te ms 7 / as used in this Ordinance shall have following meanings. "Boardun means Board of County om missioners of 9 County. lo "Clerkw shall mean Clerk of Circuit Court for tlhe County, ex-off icio Clerk of Board, or such person as may be 2 duly authorized to act on his or her behalf. ttcountyw means Martin County, a political subdivision of he 3 / 4 State of Florida. "FCT" means Florida Counties nvestment Trust. A wgovernment Fund" means initial nvestment F 7 / established pursuant to Trust Agreement. "nvestment Fundw means a trust fund established pursuant to l8 l9 Trust Agreement to enable public entities to pool ir surp us 20 / funds for joint investment. 2 "Ordinancem means this Ordinance, as same may from time 22 time be amended, modified or supplemented. "Trust Agreement" means Agreement and Declaration of 23 "' 24 Trust, dated as of November, 99, creating and establishing 25 FCT. 26 SECTON 2. FNDNGS. t is hereby ascertained, determi 27 and declared that: 28 (A) t furrs public interest for County to inv 29 any moni.es not immed iately required to be d 30 3 net earnings on such funds. to CODNG: Words in 4 M type are deletions from existing la

2 (B) Section 25.3, Florida Statutes, provides certain limitations and regulations applicable to investment of surplus public funds where not orwise authorized by law or ordinance. (C) t, is, intent and desire of Boa& to authorize additional investments for surplus public funds in order to seek. a higher rate of return without compromising safety or such furds and to provide by this Ordinance authorization for investment opportunities in addition to those set forth in Section 25.3 () (a) through (f), Florida Statutes 30 secretary (D) The FCT, trustees of which are appointed by Florida Association of Counties, nc. and Florida Association of Court Clerks and County Comptrollers, has been created for purpose of establishing nvestment Funds for pooling surplus funds of participating public entities for joint investment order to seek a higher rate of return without compromising safety of such funds. BECTON 3. AUTHORZATON OF NVEBTMENT. Surplus public funds managed or held by Clerk on behalf of any officer, board, authority or agency of County may be invested in shares of Government Fund or any or nvestment Fund, assets of which are restricted to investment instruments authorized by Section 25.3, Florida Statutes or by ordinance of County. SECTON 4. CONFLCTNG PROVBONS. Special acts of Florida Legislature applicable only to unincorporated areas Martin County, County ordinances and County resolutions, or parts reof, in conflict with this ordinance are hereby superseded this ordinance to extent of such conflict. SECTON 5. FLNG WTH DEPARTMENT OF BTATE. The Clerk be and hereby is directed forthwith to send a certified copy of ordinance to Bureau of Laws, Department of State, The ~apitcl, Tallahassee, Florida SECTON 6. EFFECTVE DATE. This ordinance shall effect upon receipt of official acknowledgment from Office 3 ' office. of State that this ordinance CODNG: Words in 6 f idtk fmild P # type are deletions from existing in of by ttis take of ORBXO 9 6 p~2 o 8

3 SECTON 7. CODFCATON. Provisions of this ordinance shall be incorporated in County Code and word "ordinancev may be changed to ttsection,tttarticlem or or word, and sections of this ordinance may be renumbered ~Prelettered to accomplish such intention; provided, however, that parts 4 to 2 7 shall not be codified. 3 DULY PABBED AND ADOPTED THB 26th DAY OF M ATTEGT: BOARD OF COUNTY COMMBBONE MARTN COUNTY? FLORDA -WALTER w. THOM, JB., VCE CHA APPROVED AB TO FORM AND b x EEN 8. DREYER COUNTY ATTORNEY STATE OF FLORDA COUNPl OF MARTN THS is TO CERTFY THAT THtS TRUE AND CORRECT COPY OF ORGNAL. 3 D:\DATA\WPPL~\SDR\ORD\[NVTRUST.ORD\M~~~ DATE b- F-4& CODNG: Words in t t d t R l4 6 d l4 type are deletions from existing law; Words underlined are additions.

4 ;-, :::y-;,.,!*?. yip,<;: )>; a FLORDA DEPARTMENT OF STATE Jim Smith Secretary of State DVSON OF ELECTONS Room 2002, The Capitol, Tallahassee. Florida (904) QD r -. June 9, Honorable Marsha Stiller Clerk of Circuit Court Martin County Courthouse Post Office Box 906 Stuart, Florida Attention: Dear Ms. Stiller: Charlotte Burke, Deputy Clerk Pursuant to provirionr of Section 25.66, Florida Statutes, this will acknowledge your envelope portmarked Juno 4, 992, and certified copier of Martin County Ordinances relative to establishing a Drug Abuse Trust Fund and authorizing investment of Public Funds in FCT, which we have numbered 92-2 and 92-3, respectively. These ordinance8 were received and filed in this office on June 8, 992 Sincerely, LC/& Enclooureo (2) Li. ~lkw, Chief Bureau of Adminirtrativo Code

5 !'. NO& OF NTENT. '' News) KATHLEEN N. 3efore tlie i~~iclersi~tiecl rlutliority r~ppeerecl PRTCHARD ~vlr o~i or~t li srlys tlic~t lie/sl~e ACCTS REC 'HHORR i)f ''e 8trn-t News, titic 'l.le '0.t St. ~L.~~ Ne\vs, $ clt~ily tienlsi)rrper l'itl)lisliecl at St i ~rrrt hlrirt ( 0 y, ltlo~-idrt, t llr~ at trlcliecl coi>y of rlclvertisetiie~~t, )ei~ir ( Notice of ntent iri t lie ~llr~tter of Countv -c~ nvestment of Surplus Public Funds. APPEAL, ANV WON ill llie Cor.trt, ~~S l~i~l~llsl~ecl 'l'l~e ShhY GQUP, THAT PERSON Strtnrt Ne\vs rc ''l~e l'ort St.,ilcie News tlle issiles of usllncbo~~~ol~ixt PROCTEDlNGS AN POlt SUCH Wril 22, 992 pwose MN HE& To wre AGENO, C~JNCU, QR T T A VEWTM RECW OF r# axam a M, HHKH RECORD WOULD W CtVDE % "-MY AND l.el,r~te, co~i~~~~lsslo~~ or -efi~~icl for tl~e ortt.l)ose of secr~l-i~~g tl~is rlclvert ise~ilei~ t for i)ul)lic:ct loll ill t lie sr~lcl iewsl>cll)cl-. ''lle Bt ilr~r t News rl.s ~ee~i e~lteretl rls seco~lcl clrlss ~~illtter c~t (lie post office ill Sti~c~rt, hlr~l-tilt (:c)i~~lty, ~loricitt, O lit. L'iet-ce, St. Jrtcie (:oi~rity, lelo~.icln r~tlcltrls ~ee~i for r~ period of olle yerlr uext orececli~lg tlle first pu)licrrtlo~i of tlie r~ttrlcliecl col)jr of..-.. THS NOTCE EXKUTB'AND DATED THS 4th day d MH, m:, 8wot- to elld subscribed before tile.