[HISTORY: Adopted by the Board of Supervisors of the Township of
Brighton as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-8-1997 by Ord. No. 102]
The Agreement between the Township of Brighton, the municipalities which
have executed copies of this Agreement and the County of Beaver, a copy of
which Agreement is attached hereto,[1] for intergovernmental cooperation in providing aid and assistance
for fire protection and emergency situations is hereby accepted and approved.
[1]
Editor's Note: Said Agreement is on file in the township offices.
The proper officials of the Township of Brighton are hereby authorized
to execute said Agreement on behalf of the township.
[Adopted 7-13-1998 by Ord. No. 105]
This local government shall join with other local governments in accordance
with the Intergovernmental Cooperation Law[1] by becoming a member in INVEST and by entering into an Intergovernmental
Cooperation Agreement with the Commonwealth of Pennsylvania acting through
its Treasury Department (the "Agreement"), upon such terms and conditions
as are standard in the Intergovernmental Cooperation Agreement prepared by
the Treasury Department of the Commonwealth of Pennsylvania for the INVEST
Program.
[1]
Editor's Note: See 53 Pa.C.S.A. § 2301 et seq.
The duration of the Agreement shall be for a period of three years,
with automatic renewal for one-year periods.
The purpose of the Agreement is to permit the State Treasurer to invest
the funds of this local government, with the objectives of safety of principal,
liquidity and high yield consistent with sound investment strategy.
The State Treasurer shall serve as the investment manager under the
terms of the Agreement.
This local government is permitted to purchase and redeem shares that
in turn are pooled with other local government shares to acquire and sell
certain investment securities, at a rate of $1 per share.
The individual authorized to make deposits and withdrawals, to establish
accounts and to perform such other duties as are necessary or appropriate
for participation as an INVEST member shall be Bryan K. DeHart, Township Manager,
or his successor in office.
