This Township shall join with other Pennsylvania municipalities and
become a member of the Pennsylvania Intergovernmental Risk Management Association.
The aforesaid Association is designated as the official custodian of
the funds of this Township which are invested by the Association pursuant
to the intergovernmental contract.
In accordance with the enabling legislation referred to in §
31-5, the following matters are determined:
A. The conditions of agreement are set forth in the intergovernmental contract referred to in §
31-2 above.
B. This Township's participation in the Association shall
be terminable at any time by ordinance.
C. The purposes and objectives of the agreement are set
forth above and in the intergovernmental contract, and the actions contemplated
thereby and the 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.
D. It is not necessary to finance the agreement authorized
herein from Township funds except through the contribution of this Municipality's
basis rate (as such term is defined in the intergovernmental contract) to
the Association.
E. The Association shall be managed by a Board of Commissioners
or Executive Committee as set forth in the bylaws of said Association, a copy
of which has been provided for review in connection with the adoption of this
chapter.
F. All property real or personal, shall be acquired, managed
or disposed of by the Association in accordance with the terms of the intergovernmental
contract.
This chapter is enacted pursuant to Section 1507 of the Second Class
Township Code and Chapter
23, Subchapter A of the General Local Government Code (53 Pa.C.S.A. §§ 2301 through 2315, formerly Act No. 180 of 1972, as amended), relating to intergovernmental cooperation.