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1985-044-RES WHEREAS, the City Council of the City of Paris did heretofore on the 10th day of December, 1984, in
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1985-044-RES WHEREAS, the City Council of the City of Paris did heretofore on the 10th day of December, 1984, in
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8/18/2006 4:34:53 PM
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6/2/2005 1:25:02 PM
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CITY CLERK
Doc Name
1985
Doc Type
Resolution
CITY CLERK - Date
6/10/1985
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<br />CITY ,OF PARIS <br /> <br />LOSS PAYABLE CLAUSE <br /> <br />Effective Date: April 16, 1985 <br /> <br />Addendum Number:2 <br /> <br />Loss Payee: Merica, Inc. <br />c/o Corporate Risk Management & Insurance Department <br />Anheuser-Busch Companies, Inc. <br />One Busch Place <br />St. Louis, Missouri 63118-1852 <br /> <br />Loss or damage under Property Coverage shall be paid as int2rest may appear to <br />the city and loss payee shown in this addendum. This INSURANCE covering the <br />interest of the loss payee shall become invalid only because of the Member's <br />fraudulent acts or omissions. However, the Fund reserves the right to cancel <br />this INSURANCE as permitted by the Interlocal Agreement. Notice of <br />Cancellation mailed to the loss payee at least 30 days prior to the date the <br />coverage for the loss payee will end terminates this Agreement. <br /> <br />The INSURANCE covering the loss payee's interest as specified in this loss <br />payable clause will continue for subsequent coverage periods regardless of any <br />coverage expiration date shown on the Interlocal Agreement until the Fund <br />mails Notice of Cancellation to the loss payee at least 30 days prior to the <br />da te the coverage for the loss payee will end. <br /> <br />If the Member cancels the coverage as permitted by the Interlocal Agreement <br />the Fund agrees to mail Notice of Cancellation to the loss payee at least 30 <br />days prior to the da te the covera ge for the loss payee will end. In any <br />event, the Member's coverage ends on the date of the cancellation. <br /> <br />In the event the Fund pays the loss payee the Fund shall, to the extent of <br />payment, be subrogated to the loss payee's rights of recovery. <br /> <br />Property: Sewer Treatment Plant located 7 miles north of the City limits of <br />Paris on the east side of US Highway 271 North. <br /> <br />ATTEST, <br /> <br />~"~~'~~~d <br />Matt~e unn~ng am, ~ty erk <br /> <br />Authorized City Official <br />David H, Doty, City Manager <br />6'lQ'85 <br />Da t'e ' <br /> <br /> <br />." <br /> <br />,C;-'t".~) <br />Date <br /> <br />EXHIBIT B <br /> <br />I <br /> <br />. <br />
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