(A) The Town Board of Trustees may insure municipal property, as authorized by the state statutes. Any money received as a result of destruction, damages, or loss of such insured property shall be accounted for, and used as provided by said statutes.
(B) The Town Board of Trustees may purchase insurance to pay damages to persons sustaining injuries or damages to property as a result of negligent operation of motor vehicles or motorized equipment of the town.
(C) The Town Board of Trustees may provide hospital, health, and medical insurance, through any company authorized to do business in the state, for any or all of its officers or employees and their dependents, whether said officers or employees are engaged in governmental or non-governmental functions of the town. The Town Board of Trustees may pay a portion of all of said premiums from any municipal funds and may deduct from the wages or salary of any such officer or employee, upon written authority signed by the officer or employee, amounts for the payment of all or any portion of the monthly premium for same.
(Prior Code, Ch. 7, Art. 1, § 2)