§ 39A-1. Fund established; purpose.

A. 

There is hereby established an insurance fund within the Borough of Paulsboro in accordance with the provisions of N.J.S.A. 40A:10-6 et seq. for the following purposes:

(1) 

To insure against any loss or damage however caused to any property, motor vehicle, equipment or apparatus owned by the Borough of Paulsboro or owned by or under the control of any of the Borough of Paulsboro's departments, boards, agencies or commissions.

(2) 

To insure against liability from the use or operation of motor vehicles, equipment or apparatus owned by or controlled by the Borough of Paulsboro or owned by or under the control of any of the Borough of Paulsboro's departments, boards, agencies or commissions.

(3) 

To insure against liability for any negligence caused or attributed to the Borough of Paulsboro and that of any of the Borough of Paulsboro's officers, employees and servants, whether or not compensated or part-time, who are authorized to perform any act or services, but not including an independent contractor within the limitations of the New Jersey Tort Claims Act (N.J.S.A. 59:1-1 et seq.).

B. 

The Mayor and Borough Council of the Borough of Paulsboro may appropriate the moneys necessary to effectuate the purposes of this ordinance.

Amended 4-4-1995 by Ord. No. 0.5.95