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Page 2. ~ <br /> <br />RESOLUTION NO. 78-139 <br /> <br />Section 3. To approve the purchase of an excess Workers' <br /> Compensation policy with Employers' Reinsurance <br /> Corporation, at an annual cost of $15,000. <br /> <br />Section 4. To authorize the staff to establish a Workers' <br /> Compensation reserve fund to be funded with the <br /> permiums that would have been paid the first two <br /> years to State Compensation Fund. <br /> <br />Section 5. This resolution shall take effect immediately <br /> upon passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED ON MAY 23, 1978 <br />VOTE: <br /> <br />BY THE FOLLOWING <br /> <br />AYES: <br /> <br />Councilmembers - Brandes, Butler, Kephart, Wood and Mayor Mercer <br /> <br />NOES: None <br /> <br />Clay% E. BroW, City Cl~/kZ <br />By Doris George, Deputy City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />n City Attorney <br /> <br /> <br />