HomeMy WebLinkAboutO-0336 - Cumulative reserve fund for building established (Repealed by 1307)ORDIN4WOE No.,~?J to
4W ORDIN4WCE establishing a Oumulative Reserve Fund for
the constrtictionof Town buildings.
THE TOWN COUNOIL OF THE TOV[N OF ~aRYSVILLE DOES ORDAIN
AS FOLLOWS:',
Section 1.There is hereby created and established a
fund,to be designated as "Cumulative Reserve Fund for Construct-
ion of Town BUildings",pursuant to the provisions of Chapter 60,
Laws of 1941.
Section~.That such moneys shall be placed in said fund
from time to time as are directed by ordinance of the Town Ooun-
cil,and as may be provided for in the annua.l bUdget.
Section 3.That the moneys placed in said fund shall be
accumulated from rear to year and may be expended at such time
as the Town Council shall 'by ordinance direct for the purpose of
constructing any tow~building:
PROVIDED,Thatany moneys in said fund shall never be expended
"
for any other purpose than that specified,without an approving
"Vote by a majority of the electors of the Town at a general or
special election voting on a proposal submitted to the electors
to allow other speCified uses to be made of said fund.,
Section 5.This ordinance shall take effect upon its pass-
age and publication.
PASSED this ~:2 day of December,'1941
~~Mayor
ATTEST:
,ytl.£"~'.'Town Clerk~
Published:December 2'1,/<Jtfl