[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 the following matters are specifically found and determined:
The conditions of the agreement will be as set forth in the Trust Agreement referred to in § 27-1 of this article;
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;
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.
Editor's Note: See 77 P.S. § 1 et seq.