(A) The participation by the city in the General Insurance Trust created by the Kentucky Municipal Risk Management Association and the purchase from or through the Trust of such public liability and property damage insurance coverages as may be deemed advisable by the City Commission are hereby approved.
(B) The Mayor is hereby authorized to execute and deliver, for and on behalf of the city, in connection with its participation in the Trust, the Trust Participation Agreement, substantially in the form attached to Ordinance No. 87-7 as Exhibit A.
(Ord. 87-7, passed 9-11-87)