(A) The loan recipients shall repay said loan as directed in the individual Micro-Loan Agreements and promissory notes directly to the Clerk-Treasurer of the town.
(B) The Clerk-Treasurer is hereby authorized to deposit said payments in to the Micro-Enterprise Loan Fund and to keep a record of said payments and disbursements.
(Ord. 1997-02, passed 3-3-1997)