Source: https://ecode360.com/10692874
Timestamp: 2019-03-22 18:41:07
Document Index: 289995755

Matched Legal Cases: ['§ 14', '§ 14', '§ 14', '§ 14', '§ 14', '§ 14', '§ 2301']

Borough of Chambersburg, PA Capital Region Insurance Trust
§ 14-1 Preamble.
§ 14-2 Trust agreement.
§ 14-3 Authorization to execute.
§ 14-4 Pennsylvania Intergovernmental Cooperation Act.
§ 14-5 Severability.
§ 14-6 When effective.
Chapter 14 Capital Region Insurance Trust
[HISTORY: Adopted by the Mayor and Town Council of the Borough of Chambersburg 11-28-2005 by Ord. No. 2005-18. Amendments noted where applicable.]
Pennsylvania Municipal Health Insurance Cooperative Trust — See Ch.15.
A number of political subdivisions within Dauphin County, Pennsylvania, effective October 1, 1996, joined together in a cooperative venture and established the Capital Region Insurance Trust (the "trust") for the purpose of collectively purchasing employee benefits insurance.
The trust was established pursuant to an intergovernmental cooperation agreement entitled the "Agreement and Declaration of Trust - Capital Region Insurance Trust" (the "agreement").
Pursuant to the provisions of Chapter 23, Subchapter A, Intergovernmental Cooperation, of the General Local Government Code, 53 Pa.C.S.A. § 2301 et seq. ("Intergovernmental Cooperation Law"), a municipality may enter into an intergovernmental cooperation agreement upon the passage of an ordinance by its governing body.
Now, therefore, be it enacted and ordained by the Borough Council (the "governing body") of the Borough of Chambersburg, Franklin County, Pennsylvania (the "political subdivision"), as follows:
The President or Vice President of the governing body, acting alone or together with the Secretary or Assistant Secretary, are hereby authorized and directed on behalf of the political subdivision to execute and deliver the agreement and to execute and deliver such additional instruments, and to take such further actions, as may be necessary or appropriate, to carry forth the agreement and the transactions to be effected under the agreement, including payment to the trust of such amounts as are due by the political subdivision pursuant to the agreement.
All actions of any officer, agent or other representative of this political subdivision heretofore taken in the pursuit of the establishment of the trust and/or the political subdivision's participation therein are hereby ratified and approved in all respects.
The conditions of the agreement are set forth in the attached agreement;
This political subdivision shall participate in the trust for an initial term of three years. All renewal terms shall be as further set forth therein;
The purpose and objectives of the agreement are as set forth in the preamble of this chapter and in the agreement;
The manner and extent of financing the agreement are that: no borrowing will be required by the political subdivision; funds to implement the political subdivision's obligations under the agreement same shall come from normal and usual budgeted amounts for such matters; and other provisions governing the manner and extent of the financing of the trust shall be as set forth in the agreement;
The trust shall be managed by its Board of Trustees pursuant to the terms of the agreement;
All property, real or personal, of the trust shall be acquired, managed, licensed or disposed of by the trust in accordance with the terms of the agreement; and
The trust created by the agreement shall be empowered to enter into contracts for policies of group insurance and employee benefits pursuant to the terms of the agreement.