[Adopted 7-3-2012 by Ord.
No. 318]
The proper municipal officers are hereby authorized to execute
and deliver the following documents:
The duration of the term of the Agreement is four years from
the date of admission to the Trust as a participant.
The purpose and objectives of the Agreement are set forth in Article V of the Agreement.
The funds for meeting the obligations of the political subdivision
under the Agreement shall be appropriated from the general funds of
the political subdivision.
The organizational structure necessary to implement the Agreement
consists of the Trust, Trustees, Service Agents and Fiscal Agents
created by the Agreement.
Property acquired for purposes of the Trust shall be acquired,
managed and disposed of under the terms of the attached Trust Agreement.
The Trust shall be empowered to enter into contracts for policies
of group insurance and employee benefits, including social security
for its employees.