125.15 FUNDS TO BE RETAINED BY VILLAGE.

Upon entry into a contract for any municipal improvement, all funds retained by the Village for the faithful performance of work shall be held along with all interest earned thereon, by the Village in any account or investment as determined by the Director of Finance pursuant to the powers vested in him by this chapter. Any interest or dividends earned shall become the sole and exclusive property of the Village.

(Ord.1991-6. Passed 2-11-91.)

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