[Adopted 6-2-1988 by Ord. No. 1988-5]
Hellam Township hereby enacts the Penn Prime Participation Ordinance, which states as follows:
A. 
Hellam Township hereby acknowledges membership in the Penn Prime Trust by entering into the Member Participation Agreement (hereinafter "participation agreement"). As per the Intergovernmental Cooperation Law, 53 P.S. § 481 et seq., this article sets forth the components of the Penn Prime Trust cooperative arrangement as follows:
(1) 
The conditions of the participation agreement. The participation agreement, agreement of trust, coverage provisions, and bylaws of the Penn Prime Trust, as amended from time to time, are hereby attached and fully incorporated by reference herein as though they were part hereof.[1]
[1]
Editor's Note: Said items are on file in the Township offices.
(2) 
Duration of the agreement. The duration of the participation agreement is a continuous period commencing on January 1, 1988 and ending on December 31, 1988, and shall thereafter continue on a calendar-year basis for each succeeding year unless terminated as provided therein.
(3) 
Purpose and objective of the agreement. The purpose of the participation agreement shall be to minimize the financial impact upon Hellam Township resulting from an occurrence covered by the trust. This will be accomplished by means of:
(a) 
Loss prevention and safety programs to minimize or eliminate risks of such accidents;
(b) 
Risk pooling to share with other local agencies the financial impact of such losses; and
(c) 
The establishment of a mechanism through the trust to provide risk coverage for catastrophic losses through means deemed appropriate by the Board of Trustees of the Penn Prime Trust.
(4) 
Manner and extent of financing the agreement. The expenses of participating in this cooperative program will be financed through contributions by Hellam Township to the Penn Prime Trust and by investment of the trust governed by the Board of Trustees.
(5) 
Organizational structure to implement the agreement. The participation agreement will be implemented by the use of the Penn Prime Trust. The Trust is to be administrated by the Board of Trustees, which may designate a day-to-day administrator, as established through the provisions of the agreement of trust and the bylaws.
(6) 
Property acquisition. The Penn Prime Trust, as administered by the Board of Trustees, has the power, through the bylaws, to acquire, hold or dispose of real or personal property. Such measures by the trust will be carried out in accordance with the Penn Prime Trust and its bylaws.
(7) 
Powers to contract for group insurance and employee benefits. The Penn Prime Trust Agreement sets forth that the Board of Trustees has the power to enter into contracts, incur debts, liabilities and obligations in the ordinary course of business. These powers allow the Penn Prime Trust to enter into such contracts as allowed under 53 P.S. § 487(7) of the Intergovernmental Cooperation Law.