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The insurance policies provided for in Section 129.12 shall be in such form, subject to the approval of the Director of Law, as may be obtainable to carry out the purposes and intent of this section and Section 129.12. They shall be for a period of at least three years, and the Director of Finance is hereby authorized and directed to pay the required premiums on the policy for Lakewood Hospital from the Hospital Fund and the premiums on the policy for the City Hall from the General Fund and Water Fund.
(Ord. 4385. Passed 4-1-46.)