[HISTORY: Adopted by the Borough Council of the Borough of Brentwood:
Art. I, 7-7-1992 as Ord. No 1028. Amendments noted where
applicable.]
A.
The proper elected and appointed officials of Brentwood
Borough are hereby authorized to issue, adopt and deliver to Municipal Risk
Management, Inc. (MRM), the following documents:
A.
The duration of the term of the Trust agreement will
be four years from the date of Brentwood's admission to the Trust as
a participant.
B.
The purposes and objectives of the Trust as stated in
the Trust Agreement are set forth in the Trust agreement in Article V, Section
5.01, of the Trust agreement.
The powers and scope of authority delegated are as set forth in various
specific sections and in various specific provisions of Articles II, V, VI,
VIII and IX, of the Trust agreement.
Funds for meeting Brentwood Borough's obligations under the Trust
agreement may be appropriated from the general funds of Brentwood Borough,
or from any other source deemed appropriate by Brentwood Borough Council and
lawful under the laws of the Commonwealth of Pennsylvania.
The organizational structure employed to implement the Agreement may
include the Trust, the Board of Trustees, service agents and fiscal agents
as described in the provisions of the Trust agreement.
Property acquired for purposes of the Trust shall be acquired, managed
and disposed of pursuant to the provisions of the Trust agreement.
The Trust shall be empowered to enter into contracts for policies of
group insurance and employee benefits, including social security for employees
of the Trust.