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Agenda Packet_2024-08-06
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Agenda Packet_2024-08-06
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Agenda Packet
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8/6/2024
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withdrew or were expelled pursuant to Articles 13 and 14 of this Agreement, in <br />accordance with and proportionate. to their net premium payments made during <br />the term of this Agreement. The Governing Board shall determine such <br />distribution within six months after the last claim covered by this Agreement has <br />been finalized. <br />15.3 The Cloverning Board is vested with all powers of the Authority for the purpose of <br />concluding and dissolving the business affairs of the Authority. These include the <br />power to require those Members which were Risk Management Wogram <br />participants at the time of any partioular occurrence which was covered or alleged <br />to be covered under the Memorandum(s) of Coverage or policies of insurance to <br />pay their share of -any additional amount of premium deemed necessary by the <br />Governing Board for the final disposition of all claims and expenses. associated <br />with such Loss. <br />ART.ICI,F. 1.6. NEW A MBER& <br />16.1 ,Any governmental agency, Organized and operating under the laws of the State of <br />California which is authorized to participate in a joint powers authority under the <br />Covermnent Code may become a member of the Authority by complying with the <br />requirements of the Authority By -Laws. <br />ARTICLE 177, LMILIT'Y OF THEAWHiJWW. <br />17.1 Each Member agrees to indemnify, save and defend the Authority and all other <br />Members harmless from and against all claims, losses, and damages, including <br />legal fees and expewes, arising out of any breach or default on the part of such <br />ApMved by ft G- mkg Board oatobc r 13.2004 <br />13 <br />City Council 15 — 17 8/6/2024 <br />
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