All moneys collected from parking meters in the city shall be devoted exclusively to the following purposes:
(A) For the purchasing, leasing, installing, repairing, maintaining, operating, removing, regulating, and policing of parking meters in the city and for the payment of any and all expenses relating or incidental thereto;
(B) For the purchasing, leasing, acquiring, improving, operating, and maintaining of off-street parking facilities in the city;
(C) For the painting and maintenance of traffic-control devices and signals;
(D) For the painting and marking of the streets and curbs required for the direction of traffic and the parking of motor vehicles;
(E) For the proper regulation, control, and inspection of parking and traffic upon the public streets;
(F) To be pledged as security for the payment of the principal and interest on off-street parking revenue bonds issued by the city or any parking district organized within the city; and
(G) For traffic-control and regulations, including, but not limited to, traffic enforcement, traffic engineering, traffic circulation, and traffic enforcement officers' salaries.
('63 Code, § 3-5.12) (Ord. 2867, passed 6-6-61; Am. Ord. 2886, passed 11-21-61)