[Adopted 7-20-1992 by Ord. No. 719; amended
in its entirety 10-5-1998 by Ord. No. 765]
The duration of the term of the agreement is
annually based upon the Pooled Trust's fiscal year.
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, trustee, 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.[1]
[1]
Editor's Note: The agreement is on file in
the office of the Township Manager.
The trust shall be empowered to enter into contracts
for policies of group insurance and employee benefits, including social
security for its employees.