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RESOLUTION NO. // tJ.3-r9..... _
2 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO ESTABLISHING A "WORKMENIS COMPENSATION TRUST FUND".
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WHEREAS, the City of San Bernardino has undertaken to self-
insure liability for benefits paid to its employees pursuant to
the Workmenls Compensation Laws of the State of California; and
WHEREAS, it is necessary to establish a special fund to
insure that adequate funds are maintained to guarantee the pay-
ment of claims under the Workmen's Compensation Program; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON COUNCI
OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. A spec ial fund des ignated as the "Workmen I s Com-
pensation Trust Fund" of the City of San Bernardino is hereby
created. Expenditures therefrom shall be for purposes of paying
compensation benefits to employees inltured in job-incurred
accidents and for purposes of the legally uninsured Workmenls
Compensation Program of said City.
SECTION 2. The interest proceeds realized from the invest-
ment of the monies of the Workmen I s Compensation Trust Fund shall
accrue to the benefit of said Fund.
SECTION 3. All monies deposited in the Workmen's Compensa-
tion Trust Fund, together with all interest paid thereon, shall
be held in trust and expended only for the purposes set forth
herein, pDovided that such monies may be temporarily invested or
transferred to other funds.
SECTION 4. The sum of $150,000.00 shall be transferred
from the Workmen IS Compensation Insurance account to the Workmenls
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Compensation Trust Fund.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and COn,J1llon ncil of the City of San Ber-
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wit:
nardino at a meeting thereof, held on the
~day of , 1972, by the following vote, to
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1 AYES :
2
3 NAYS :
4 ABSENT:
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resolution is hereby approved this ~~~ day
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The foregoing
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ino
of
, 1972.
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Approved as to form:
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c ~ty orney
(P)
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