Chapter 3.24
CITY STREET CUMULATIVE RESERVE FUND
Sections:
3.24.010 Authority.
The city council and mayor desire to avail themselves of Chapter 60 of the Laws of 1941, for the purpose of creating a cumulative reserve fund for the street department. (Ord. 712 § 1, 1988; Ord. 173 § 1, 1943)
3.24.020 Established.
There is created a fund to be known as the “City Street Cumulative Reserve Fund” for the purpose of purchasing material and equipment making improvements. All moneys deposited to the account, by tax levy or any other sources, shall not lapse at the end of the fiscal year, and shall be used for the purpose named in this section only. (Ord. 712 § 1, 1988; Ord. 173 § 2, 1943)