Township of Pine, PA Article X Risk Management Worker's Compensation Pooled Trust

[Adopted 8-20-2001 by Ord. No. 295]

§ 10-21 Authorization to execute and deliver documents.

The proper municipal officers are hereby authorized to execute and deliver the following documents, which documents are attached hereto and made part hereof and which may be inspected by any interested citizen at the office of the Municipal Secretary:

A. The Municipal Risk Management Workers' Compensation Pooled Trust Agreement (hereafter the Agreement).

B. The participant's application.

§ 10-22 Duration of Agreement.

The duration of the term of the Agreement is four years from the date of admission to the Trust as a participant.

§ 10-23 Purpose and objectives.

The purpose and objectives of the Agreement are set forth in Article V of the Agreement.

§ 10-24 Powers and scope of authority.

The powers and scope of authority delegated are set forth in Article II, Article V, Article VI, Article VIII and Article IX of the Agreement.

§ 10-25 Appropriation of funds for meeting obligations.

The funds for meeting the obligations of the political subdivision under the Agreement shall be appropriated from the general funds of the political subdivision.

§ 10-26 Organizational structure.

The organizational structure necessary to implement the Agreement consists of the Trust, Trustees, Service Agents and Fiscal Agents created by the Agreement.

§ 10-27 Acquisition, management and disposal of property.

Property acquired for purposes of the Trust shall be acquired, managed and disposed of under the terms of the attached Trust Agreement.

§ 10-28 Entrance into contracts.

The Trust shall be empowered to enter into contracts for policies of group insurance and employee benefits, including social security for its employees.