The proper officers of the borough are hereby authorized and directed
to execute and to deliver a deed or instrument of conveyance of the water
system to the Municipal Authority. Such deed or instrument of conveyance shall
be in such form as shall be approved by the Borough Solicitor.
The proper borough officers are hereby authorized and directed to execute
and to deliver to the Authority an assignment to the Authority of all existing
contract rights, the existing cash surplus from water rent receipts less expenses
for the period January 1, 1972, through April 30, 1972, accounts receivable
and liabilities in connection with or arising out of the operation of the
water system, especially including reimbursement to the borough for funds
advanced to Albright and Friel for engineering costs concerning the additional
water supply from Brandywine Creek. Such assignment shall be in such form
as shall be approved by the Borough Solicitor.
The proper borough officers are hereby authorized and directed to execute
and to deliver to the Authority an agreement, substantially in the form presented
to this meeting, providing for the performance of certain administrative functions
in connection with the operation of the water system by the borough and providing
for the payments to be made by the Authority therefor.
The proper borough officers are hereby authorized and directed to execute
an amendment to the borough group pension contract with Massachusetts Life
Insurance Company, to provide that service with the Authority will be considered
service with the borough, effective May 1, 1972, provided that the Authority
shall fund the pension contract for its employees.
The effective date of all deeds, assignments and other instruments of
conveyance shall be May 1, 1972, and thereafter all operational employees
of the water system, especially including the borough's present Director of
Public Works, shall become employees of the Authority.