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(A) The city hereby approves the joint and cooperative program for self-insurance, insurance, and the investment of public funds agreed upon by this city and the other cities, urban-county governments, and public agencies within the state which become signatories to the interlocal agreement, including the financing of said program through the issuance of revenue bonds under the terms and conditions of the interlocal agreement.
(B) The Mayor and the City Clerk-Treasurer are hereby authorized and directed to execute, acknowledge and deliver, on behalf of this city, the interlocal agreement substantially in the form attached to Ord. passed 6-15-87 and hereby incorporated by reference as if fully set forth herein.
(C) The city hereby approves and ratifies the Articles of Association and By-Laws of the Association, substantially in the form attached to Ord. passed 6-15-87 and hereby incorporated by reference as if fully set forth herein.
(D) It is understood by the city that by executing the interlocal agreement and thereby becoming a member of the Association, the city shall incur no liability for the payment of any funds and that it shall be necessary for the city to take further action prior to becoming a "participating member" in any of the self-insurance, insurance, or investment trusts which may be created by the Association.
(Ord. passed 6-15-87)