It is determined to reestablish, provide, and approve a Cumulative Bridge Fund pursuant to I.C. 8-16-3-1 through I.C. 8-16-3-3. To provide for the Fund, Council shall, at the appropriate time, levy a tax at a rate of $.10 on each $100 on all taxable personal and real property within the city. These taxes, when collected, shall be held in a special fund to be known as the Cumulative Bridge Fund.
(1979 Code, § 33.21) (Ord. 2997, passed 5-1-1978)