My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2008-163
CBCC
>
Resolutions
>
2000's
>
2008
>
2008-163
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/28/2024 11:45:00 AM
Creation date
9/30/2015 5:44:14 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2008-163
Approved Date
09/23/2008
Agenda Item Number
9.A.
Resolution Type
Post-Employment Benefits
Entity Name
Indian River County OPEB Trust
Subject
Establishing the Indian River County OPEB Trust
Irrevocable Section 115 Trust
Governmental Accounting Standards Board Statements 43 and 45
Establishing the BCC as the OPEB Board of Trustees
Providing for the Duties and Powers of the Trustee
Supplemental fields
SmeadsoftID
5658
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
RESOLUTION N0. 2008-163 <br />operative if the Beneficiary receives payment from the third party and shall be limited to <br />the dollar amount previously paid by the Trust for said Benefits. <br />SECTION 5.08. No Vested Rights. Neither this Resolution nor this Trust creates <br />any vested rights of any kind. No Beneficiary, nor any person claiming through him, <br />shall have any right, title or interest in or through the Trust, or any part thereof. <br />SECTION 5.09. Severability. If any one or more of the covenants, agreements <br />or provisions of this Resolution shall be held contrary to any express provision of law or <br />contrary to the policy of express law, though not expressly prohibited, or against public <br />policy, or shall for any reason whatsoever be held invalid, then such covenants, <br />agreements or provisions shall be. null and void and shall be deemed separable from <br />the remaining covenants, agreements and provisions of this Resolution and shall in no <br />way affect the validity of any of the other covenants, agreements or provisions hereof or <br />of the Trust established hereunder. <br />SECTION 5.10. Section Headings. The headings of the various. articles, <br />sections and subsections of this Resolution are used solely as a matter of convenience <br />and in no way define, modify or limit the scope or intent of any provision of this <br />Resolution. <br />SECTION 5.11. <br />Interpretation. <br />Where <br />used in this <br />Resolution, the masculine <br />gender includes the feminine <br />and the plural form <br />includes the <br />singular. <br />SECTION 5.12. Tax Effects. Neither the County, its officers or representatives, <br />nor the Trustee, its officers or representatives, nor the members of OPEB Trust Board <br />as Trust Administrator, make any warranty or other representation as to whether any <br />payments made to any Beneficiaries will be treated as includible in gross income for <br />federal or state income tax purposes of such Beneficiaries. <br />SECTION 5.13. Repeal of Inconsistent Resolutions. All resolutions or parts <br />thereof in conflict herewith are hereby superseded and repealed to the extent of such <br />conflict. <br />SECTION 5.14. Effective Date. This Resolution shall take effect immediately <br />upon its adoption. <br />[remainder of page intentionally blank] <br />14 <br />
The URL can be used to link to this page
Your browser does not support the video tag.