The caption of this article is set forth above and incorporated herein.
This Borough hereby approves entering into the Susquehanna Municipal
Trust (for purposes of this article, "agreement"), a copy of which is attached
hereto and incorporated herein by reference (and which shall be filed with
the minutes of the meeting at which the ordinance establishing this article
was enacted), with the intent and effect that the Borough shall be bound by
the agreement and shall join and participate in the Trust.
The Council President or Council Vice President, acting alone or together
with the Secretary or Assistant Secretary, is hereby authorized and directed
on behalf of the Borough to execute and deliver the agreement, and to execute
and deliver such additional instruments; and to take such further actions,
as may be necessary or appropriate to carry forth the agreement and the transactions
to be effected under the agreement, including payment to the Trust of such
amounts as are due by the Borough pursuant to the agreement.
All actions of any officer, agent or other representative of this Borough
heretofore taken in the pursuit of the establishment of the agreement and/or
the Borough's participation in the Trust, are hereby ratified and approved
in all respects.
The Carlisle Borough Council is hereby authorized to take such other
action as may be necessary or appropriate to carry out the purposes of this
article and of the agreement.
As required by the Pennsylvania Intergovernmental Cooperation Act, the following matters are specifically found and determined:
A. The conditions of the agreement are set forth in the
agreement;
B. This Borough shall participate in the Trust at least
until December 31, 2007, and the term of the agreement, including all renewal
terms, shall be as further set forth therein;
C. The purpose and objectives of the agreement are as set
forth in this article and in the agreement;
D. The manner and extent of financing the agreement are
that:
(1) No borrowing will be required by the Borough;
(2) Funds to implement the Borough's obligations under the
agreement shall come from normal and usual budgeted amounts for such matters;
and
(3) Other provisions governing the manner and extent of the
financing of the Trust shall be as set forth in the agreement.
E. The Trust shall be managed by its own Plan Committee
and Board of Trustees pursuant to the terms of the agreement;
F. All property, real or personal, of the Trust, shall be
acquired, managed, licensed or disposed of by the Trust in accordance with
the terms of the agreement; and
G. The Trust created by the agreement shall be empowered
to enter into contracts for policies of group insurance and employee benefits
pursuant to the terms of the agreement.
Nothing contained in this article shall be construed to affect any suit
or proceeding in any court, or any rights acquired or liability incurred,
or any cause of action existing prior to the enactment of this article.