(A) Established. There is hereby established a Government Services Cooperative Fund for the purpose of accounting for the operations of the Government Services Cooperative.
(Prior Code, § 43.325)
(B) Deposits. Monies deposited in the Fund shall be used for the operations of the Government Services Cooperative.
(Prior Code, § 43.326)
(C) Expenditures. Monies from the Fund may be disbursed only on approved claims allowed by the Governmental Services Cooperative Board of Directors.
(Prior Code, § 43.327)
(D) Termination of fund. The Fund shall be perpetual in nature; however, should the Fund terminate for any lawful reason, any balance in the Fund shall be disbursed in accordance with a mutual agreement between the civil city, School City of East Chicago, and the public library.
(Prior Code, § 43.328)
(Ord. 0-01-0005, passed 3-1-2001)