[HISTORY: Adopted by the Township Council of the Township
of Clark as indicated in article histories. Amendments noted where
applicable.]
[Derived from Sec. 2-50 of the 2002 Revised General Ordinances,
adopted 12-16-2002 by Ord. No. 02-27]
There is hereby established an Insurance Fund for the Township
of Clark for the following purposes:
A.
To insure against any loss or damage, however caused, to any property,
motor vehicles, equipment or apparatus owned by it or owned by or
under the control of its departments, boards, agencies or commissions.
B.
To insure against liability resulting from the use or operation of
motor vehicles, equipment or apparatus owned by or controlled by it
or owned by or under the control of any of its departments, boards,
agencies or commissions.
C.
To insure against liability for its negligence and that of its officers,
employees and servants, whether or not compensated or part time, who
are authorized to perform any act or service, but not including an
independent contractor, within the limitations of the New Jersey Tort
Claims Act, N.J.S.A. 59:1-1 et seq.
The Township Council is hereby authorized to appropriate the monies necessary in order to carry out the purposes recited in § 33-1.
The Township Council may designate the maximum
or minimum amount of the fund and provide for the disposition of any
excess over and above the maximum amount fixed or of the interest
or profits arising therefrom when the fund shall have reached the
maximum limit.
