[Adopted 10-18-1993 by Ord. No. 215[1]]
[1]
Editor's Note: This ordinance also superseded
former Art. IV, Local Government Risk Pool, adopted 6-21-1989 by Ord.
No. 176.
The purposes and objectives of this article
are set forth hereinabove,[1] and the trust agreement and actions contemplated thereby
and purposes and objectives contained therein are otherwise legal
as part of a pooled arrangement with other governmental units, thereby
achieving economic and other advantages of intergovernmental cooperation.
This municipality shall join with other municipalities in accordance
with the Act by becoming a member of the fund and entering into the
trust agreement, a copy of which shall be filed with the minutes of
the municipality.
[1]
Editor's Note: The preamble to this article
is as follows:
"WHEREAS, the fund is being formed in accordance
with the authorization contained in the Pennsylvania Workers' Compensation
Act (the "Act") as the same may be amended from time to time and was
amended on July 2, 1993, to authorize political subdivisions to join
a fund and to join together as a group to self-insure and pool workers'
compensation liabilities; and
"WHEREAS, the Pennsylvania Intergovernmental
Cooperation Act provides that any municipality may enter into intergovernmental
cooperation with another governmental unit or political subdivision
upon the passage of an ordinance by its governing body."
This municipality is authorized to enter into
the trust agreement for the purposes contained therein. These actions
are to be taken by the member(s) or employee(s) of this municipality
designated for this purpose, pursuant to general or specific instructions
by the governing body adopting this article.
The fund shall be designated as having official
custody of this municipality's funds which are to be invested by the
fund pursuant to the terms of the trust agreement.
As required by the Act, the following matters
are specifically found and determined:
A.
The conditions of the agreement will be as set forth in the trust agreement referred to in § 10-8.
B.
This municipality's participation in the fund shall
be terminable at any time by ordinance and in accordance with the
terms of the trust agreement.
C.
The fund shall be managed by a plan committee and
executive committee as set forth in the trust agreement and bylaws
of said fund, copies of which will be provided for review following
the adoption of this article.
