HomeMy WebLinkAboutOrdinance No. 2058 ORDINANCE NO. 2058
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF AZUSA ESTABLISHING A SELF INSURANCE
RETENTION FUND.
THE CITY COUNCIL OF THE CITY OF AZUSA DOES ORDAIN
AS FOLLOWS:
SECTION 1. A new Chapter 3.17 consisting of Section
3.17. 010 is hereby added to the Azusa Municipal Code to read as
follows:
"3. 17. 010. SELF INSURANCE RETENTION FUND-
CREATION.
There is created and established a special
fund to be known as the ' self insurance
retention fund' . The City Council shall
annually or more often as considered necessary
appropriate and place within this fund
such monies as is considered prudent to
cover projected losses and reserves for
potential losses arising out of claims
against the City for money damages . Any
and all monies appropriated to and placed
in this fund shall be used only to pay
losses within the self insurance program
and for no other purpose. "
SECTION 2. The City Clerk shall certify to the
passage of this Ordinance and shall cause the same to be
published as required by law.
PASSED AND APPROVED THIS 5th day of June
1978.
-;7.-;
YOR
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF AZUSA )
I, ADOLPH SOLIS, City Clerk of the City of Azusa, do
hereby certify that the foregoing Ordinance No.2058 was regularly
introduced and placed upon its first reading at a regular meeting
of the City Council on the 15 day of May , 1978. That,
thereafter, said Ordinance was duly adopted and passed at a regular
meeting of the City Council on the 5th day of June , 1978,
by the following vote, to wit:
AYES: Councilmen: Decker, Fry, Cruz, Moses, Solem
NOES: Councilmen: None
ABSENT: Councilmen: None
/
ADOLPH SOLIS, City Clerk
Publish Azusa Herald June 15, 1978