§ 35.40  RESTRICTED DONATIONS FUND.
   (A)   There is hereby established the Restricted Donations Fund (the "Fund").
   (B)   The Clerk-Treasurer is directed to deposit into such Fund all restricted donations received by the town.
   (C)   The Town Council shall approve the expenditure of all such deposited restricted donations, which expenditures shall be limited to purpose(s) expressed by the donor.
   (D)   This section shall be in full force and effect retroactive to the date any restricted donations received by the town, or any proceeds therefrom, were acquired.
(Ord. 2013-12-9-5, passed 12-9-2013)