RES 83-03 LEGAL ADVISORRESOLUTION NO. 83 - 03
A RESOLUTION TO PROVIDE GUIDELINES FOR
THE LEGAL ADVISOR OF THE CITY OF WINSLOW,
WASHINGTON, FOR THE PURCHASING OF INSUR-
ANCE AND/OR ANNUITY CONTRACTS FOR ITS
EMPLOYEES FROM THE ttARTFORD VARIABLE
ANNUITY LIFE INSURANCE COMPANY.
WHEREAS, the City Council of the City of Winslow, Washington,
desires to provide certain benefits for its employees as part of
their compensation said Council does hereby authorize and approve
entering into a Defferred Compensation Plan with those eligible
to participate as designated by the City of Winslow.
In order to accumulate the appropriate funds to meet the City
of Winslow obligation to pay benefits to participants in accordance
with the Deferred Compensation Plan, the Council does hereby autho-
rize and approve the purchase of insurance and/or annuity contracts
as issued by the Hartford Variable Annuity Life Insurance Company
in such amounts as may be appropriate to provide plan benefits.
It is the intention of the Council that the payments made by
the City of Winslow for such insurance and/or annuity contracts
will not currently be considered as income paid to the employees
concerned.
Thus, the City of Winslow will be the ower, beneficiary and have
all rights under the said insurance or annuity contracts and such
contracts shall be held as a general, unpledged, and unrestricted
asset of the City.
The said Council authorizes the Clerk/Treasurer of the City of
Winslow to act on its behalf in respect to these insurance or
annuity contracts and to formulate rules and procedures for the
purchase and administration of them.
ADOPTED by the City Council of the City of Winslow, Washington,
this 17th day of February, 1983.
Mayor
ATTEST: ,,~
Clerk/Treasurer
~4aster Applicatjon for
,~FOUp Variable
m~uity Contract
]HE HARTFORD
;artlord Variable Annuity Life Insurance Company
iartlord Plaza
'~artford, Connecticut 06115
~,pplication is hereby made for a Group Variable Annuity Contract:
Applicant-Contract Owner:
'K~e Cit~f of Winslow
P. O. Box 10100
,~a or P. O. ao×
Bainbridge island, WA 981.10
City ~j~ate
Zip Code
Nature of Applicant's Business: ,_~f',u~!.!,~_i-Pal Corpora,~ion
Requested Effective Date of Master Contract _~,'_aZZ:,_:~,_, 19 8 3
.. Type of Plan_ Deferred Coml{.9_n__s._f~tior~ ...............
Special Requests:
ff Is understood that all ~yments and values provided b'y the Contract when based on the Investment experl-
~tlnce of 8 Separate Account, are variable and not guaranteed as to fixed dollar amount.
':;eceipt of a current var!abie annuity prospecius is acknowledged
at Winslow, WashiF!~.ton this 21stda' March
rated ................................................................... y of_
~egistered RepT~;~'~;Fi'Uj~][;~;~i~Fsj[~,7::~ii[ri
For City of Winslow
(Contract Owner) ,
,
By . :"'):.- ' ., 'i (-'
DONNA qEAN BUXTON '
CLE RI(/T REAS URE R
(Title)
~r,m HV-10~3 (QP trr:l DC) Prir~o~t ir~ USA.