 |
CHAPTER 9
Reserve Fund for Insurance
Preamble:
Now that the City of Gardiner is no longer protected by Municipal Immunity as of July 1, 1977, together with the fact that the present insurance policy on liability pertaining to Sewer, Sidewalks and Streets contains a Five Thousand Dollar ($5,000) deductible clause, it is advisable for the city to establish a Reserve Fund for insurance claims.
SECTION
| |
