Res 2861 9/29/1981RESOLUTION NO. 00/
RESOLUTION AUTHORIZING AN INCREASE IN THE
COMPREHENSIVE GENERAL LIABILITY RESERVE
FUND.
WHEREAS, the City has heretofore established a $100, 000
reserve fund for general liability claims, and it is deemed
advisable to increase this reserve fund to $250, 000 for general
liability and auto liability claims.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS , THAT:
The present $100, 000 reserve fund shall be increased to
250, 000 for general liability and auto liability claims, at
the rate of $50, 000 per year addition, beginning with fiscal
year 1982-83.
PASSED AND APPROVED this the 29th day of September , 1981.
M A Y O R
ATTEST:
City C erk