HomeMy WebLinkAboutResolution No. 48120 0
RESOLUTION NO. 4812
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA AUTHORIZING THE CONTRIBUTION BY THE CITY
OF A PORTION OF THE PREMIUM ON ANY GROUP LIFE
INSURANCE POLICY APPROVED BY THE CITY AND COVERING
CITY EMPLOYEES, AND CANCELLING ONE POLICY AND
APPROVING ANOTHER.
The City Council of the City of Azusa does resolve as
follows:
Section 1. The cancellation of the existing group life
insurance policy covering City employees issued by Intercoast Life
Insurance Company is hereby terminated as of April 10, 1965, and the
City Administrator shall give written notice thereof to said company.
Section 2. That certain group life insurance policy issued
by The Prudential Insurance Company of America covering those employees
of the City of Azusa who elect now or in the future to accept the
benefits thereof, including life insurance and certain incidental benefits
and option to cover dependents, is hereby approved, and the proper officers
of the City are hereby authorized to sign any necessary application,
agreement or document relative thereto so long as the cost to the City
shall not exceed the amount hereinafter authorized; said policy to be
effective as of April 10, 1965.
Section 3. So long as said last mentioned policy shall remain
in effect or until further action of the City Council, the City of Azusa
shall contribute 25 cents per month toward the premium payable by each
eligible employee of the City who now or hereafter elects to accept the
benefits of said policy for so long as said person remains an eligible
employee of the City and continues to elect to accept the benefits of
said policy.
Section 4. The City shall make salary deductions from the
salary of eligible employees who elect to accept the benefits of said
policy in an amount sufficient to pay the remainder of their premiums
when authorized in writing to do so, and shall transmit the amounts so
deducted plus the City's contributions to the company monthly or as
otherwise specified in said policy in payment of the premiums thereon.
Section 5. The City Clerk shall certify to the adoption of
this Resolution.
Approved and adopted this 15th day of March, 1965.
Mayor
I hereby certify that the foregoing resolution was duly
passed and adopted by the City Council of the City of Azusa at a
regular meeting thereof held on the 15th day of March, 1965, by the
following vote of the Council:
AYES: Councilmen: Rubio, Cooney, Solem, McLees, Memmesheimer
NOES: Councilmen: None
ABSENT: Councilmen: None
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