[Adopted 12-13-1993 by Ord. No. 145]
The purposes and objectives of this article are set forth hereinabove
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.
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 requested by the Act[1] 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 § 27-1 of this article;
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.
[1]
Editor's Note: See 77 P.S. § 1 et seq.
