County Commissioner Resolutions - November 2003�061
RESOLUTION NO. 2003- �+— �, .
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A RESOLUTION AUTHORIZING THE SECURING OF Q_ /
A LETTER OF CREDIT FOR �VORKER'S COMPENSATION MATTERS 3�"'�Z-
�VHEREAS, Gibson County is now partly self-insured for �Vorker's Compensation
Benefits; and
�VHEREAS, in order to comply with requirements of the reinsurance carrier, Gibson
County must secure a Letter of Credit in the sum of One Hundred Fifty Thousand Dollars
(S 150,000.00); and
�VHEREAS, this Resolution is required in order to secure said Letter of Credit;
\'ON, THEREFORE, BE IT RESOLVED by the Boazd of County Commissioners
of Gibson County, Indiana that the Gibson County Auditor is authorized to sign such
documents as might be required in order to secure a Letter of Credit of One Hundred
Fifty Thousand Dollars ($150,000.00) from Fifth Third Bank in order to fund potential
liability of Gibson County on Worker's Compensation claims.
IN �VITNESS �VHEREOF this Resolution has been adopted this �-��day of
November, 2003.
BOARD OF COUNTY COMMISSIONERS OF
GIBSON COUNTY, INDIANA
BY: %� �_,.
N: SHERRE L MAI2GINET Presi t
G�r� �(�,���-C�.�
DON L. �VHITEHEAD, Vice President
�� ac �, ,�. ,�-�-v.��J
Z A K. HOOVER, Member
ATTEST
KEN �. GREUBEL, Gibson County Audiror