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HomeMy Public PortalAbout1431-1951 - Establishing of a Park FundC! ORDINANCE No. 3 / , 1951. -AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF A PARK FUND AS PROVIDED BY THE ACTS OF 19239 CHAPTER 67, ARTICLE 6, PAGE 204; ACTS OF 19359 CHAPTER 99 ARTICLE 1, RAGE 307., . and ACTS of 1949, CHAPTER 231, ARTICLE-1, PAGE 769, OF THE GENERAL ASSEMBLY OF THE STATE OF INDIANA. Section 1. BE IT ORDAINED by the Common Council of the City of Richmond, Indiana, that , there be, and there is, hereby established a special Park Fund to be known and designated as "General Park Fund" as provided for by the Acts of 1923, Chapter 67, Article 6, page 204; Acts of 1935, Chapter 99, Article .1, page ,3.07, and Acts of 1949, Chapter 231, Article 1, page 768, of the General Assembly of the State of Indiana. Section 2. BE IT FURTHER ORDAINED. -that all sums of money realized for park and recreation purposes from taxa- tion, appropriation and the sale of bonds, sale or le,ase.of privileges in the parks of said City, gifts, .donations, pay- ments, or from any other source shall be credited to said "General Park Fund" and not to:the General Fund of said City. Section BE IT FURTHER ORDAINED that the Board of Park Commissioners of said City shall have full, complete and exclusive authority to expend for and on behalf of said City all sums of money realized as set out in Section two aforesaid, for the acquisition, improvement or maintenance of parks or park property, '"'-or for any park purpose, lut the said Board of -Park Commissioners shall have no power to contract debts beyond the amounts which are or will be thus available Section 4. BE IT FURTHER ORDAINED that warrants for all of. such expenditures shall be drawn by the Comptroller of such City for expenditure upon a voucher of such Board, signed by the president or vide -president, and Secretary.