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(a) For purposes of this subchapter, “city” means a city of the first class, a city of the second class, and an unincorporated town.
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(b) Subject to subsection (c) of this section, a board of trustees of a city nonuniformed employees’ pension plan with assets in excess of one hundred thousand dollars ($100,000) shall have full power to:
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(1) Invest and reinvest the moneys of the plan; and
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(2) Hold, purchase, sell, assign, transfer, or dispose of any of the investments so made and the proceeds of the investments and moneys.
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(c) The investments and reinvestments shall only be made in accordance with the prudent investor rule set forth in §§ 24-2-610 — 24-2-619.
