(A) There is hereby created a fund to be entitled nonreverting gift, donation and subsidy ambulance fund.
(B) The separate fund of money shall be for gifts or grants of money for such purposes as are specified by the grantor of such funds.
(C) All gifts, donations or subsidies to the Cedar Lake Ambulance Department shall be deposited by the Clerk-Treasurer in the special fund and shall be available for expenditure by the Ambulance Board for the purposes specified by the grantor of the funds and only upon approved claims allowed and signed by the President and Secretary of the Ambulance Board.
(Ord. 490, passed 10-10-89)