HomeMy WebLinkAboutOrdinances Book 10, Page 204, No Resolution NumberPage 204
A RESOLUTION AUTIIORIZING Ai;D Ei.;i M7—ERIT?G JAIFES P.
SI:;ITH, CITY MANAGER TO RECEIVE BIDS FOR THE ISSUA-,:CE TO THE CITY
OF PADUCAH OF A PUBLIC LIA3ILITY POLICY OF INSURANCE, PROVIDING
GEI. ERALLY THE TERMS AND CO'IDITIOPIS TO 3E CONTAINED IN SAID POLICY
AND THE EXTENT OF THE INSURANCE COi,7PANY7S LIABILITY THEREUNDER,
AND PRESCRIBING 413E ILANTdER IN WHICH SUCH BIDS SHALL BE RECEIVED.
WHEREAS, it is deemed advisable by the Board of
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Commissioners -of the City of Paducah to advertise for bids for
the purpose of determining whether or not it can secure adequate
protection against liability imposed upon it by lair for damages
on account of accidents arising out of the maintenance of public
streets and public ways at a cost not exceeding the amount said
city would be reasonably required to pay for such damages by
carrying its own risk;
NO17, THEREFORE, BE IT RESOLVED BY THE BOARD OF
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COYMISSIONERS OF THE CITY OF PP_DUCPF, KENTUCKY:
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SECTION 1.
That James P. Smith, City ;,'anager of the City of
Paducah, Kentucky, be and he is hereby authorized, for and on
�I behalf of said city to receive from any Insurance Agent or
j Agency a bid for the issuance to the City of Paducah of a Policy
of Insurance containing such terms and conditions and stipulat,on:
as to unconditionally indemnify the City of Paducah against any
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loss by reason of liability imposed by law upon it for damages on
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account of injuries received to and the death of persons by accide
IIarising out of the maintenance of the streets and public ways,
including any and all such accidents as may occur in public parks,
play grounds, school buildings and grounds and all other public
buildings and premises owned and maintained by said city whether
in its governmental or proprietary capacity, and protecting said
city against any and all of such claims for damages by reason of
the liability which might be imposed upon it under the Statutes
and opinions of the Court of Appeals of Kentucky, including the
cost of settling and defending all of such suits and claims, and
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the amount of the premium to be charged for said policy to cover
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a period of three (3) years.
SECTION 2.
For the purpose of carrying this resolution into
effect, the City ",anager is authorized and directed to advebtise
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for and accept all bids under seal, and which bids shall not
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be opened until 10:00 o'clock on the day set for receiving such
bids, or at such other hour as may be determined for receiving
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and opening bids, and all of said sealed bids or proposals shall
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Page 205
be filed by the City Manager with his report and recommendation. !
No bid shall be received after the hour fixed for opening same.
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The City Manager shall advertise in such manner as may be deemed
I' advisable for the receipt of bids, but the opening of the bids
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shall not occur within ten (10) days of the date of such
advertising.
SECTION 3.
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Tne Liability policy for which bids are received shall i
provide indemnity in the sum of x110,000.00 for each person injured:
in an accident occuring as above provided, but the 'total amount of,
indemnity on account of injury to two or more persons in the same
accident shall not exceed N25,000.00. No bids shall be considered
unless there is filed therewith either a specimen copy of the
policy •which the Agent or agency proposes to deliver, or a
j' statement setting forth a verbatim copy of the clauses which shall)
be contained in the original policy if issued.
SEC TION 4.
The City Reserves the right to reject any and all bids, and
shall not become legally obligated to purchase any policy providin;I
111 such protection until the acceptance of a bid and the adoption of
an ordinance authlrizinr, the City Manager to enter into a contract)
for -the purchase of such policy.
SECTIO_NT 5.
This Resolution shall be in full force and effect from and
j after its adoption.
Mayor
Passed by the Board of Commissioners, ::'arch 19, 1940
Recorded by Rudy Stewart, City Clerk, NfardJ 30, 1940