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Section 3. That the quote of Travelers Indemnity Company to supply excess property insurance <br /> in the amount of$60,439.00 to the City of Decatur be, and the same is hereby, accepted and <br /> approved. <br /> Section 4. That the quote of Chubb Corporation to supply machinery breakdown <br /> insurance in the amount of$5,417.00 to the City of Decatur be, and it is hereby, accepted and <br /> approved. <br /> Section 5. That the City Manager and City Clerk be, and they are hereby authorized <br /> and directed to execute the Client Authorization to Bind Coverage with Arthur J. Gallagher <br /> Risk Management Services for the above mentioned services in accordance with the quotes as <br /> submitted by said companies. <br /> PRESENTED AND ADOPTED this 17`h day of September, 2012. <br /> r <br /> WTXE'L'F"M1ff <br /> /^/ J <br /> r ✓ <br /> ELAY, <br /> ATTEST: <br /> CITY CLERK <br />