Section 6-16. Insurance: Property, Vehicle.

1. The Board of Trustees of the Town may insure property of the Town as authorized by Title 11, Section 23-101, and Title 19 of the Oklahoma Statutes. Any money received as a result of destruction, damages, or loss of such insured property, shall be accounted for and used as provided by said Section.
2. The Board of Trustees may purchase insurance to pay damage to persons sustaining injuries or damages to property as a result of negligent operation of motor vehicle or motorized equipment of the Town, as authorized by Title 11, Section 23-205 of the Oklahoma Statutes.

Related Articles

• Town Finance and Business – Article 01. Purchase of Supplies
• Town Finance and Business – Article 02. Sale of Surplus and Obsolete Property
• Town Finance and Business – Article 03. Purchase of Supplies, Materials, and Equipment
• Town Finance and Business – Article 04. Budget
• Town Finance and Business – Article 05. Funding Accounting, Etc.