(A) A Revenue Sharing Cumulative Fund is created subject to the federal statutes and regulations governing the sharing of revenue with cities and towns.
(B) The Town Clerk-Treasurer is directed to do all things necessary to comply with this section including the establishment of a separate bank account, if the same is required, and the keeping of all necessary records subject only to the further directions of the Town Council.
(Ord. 72-4, passed - -)