The Common Council may levy a tax annually of not to exceed $.5 on each $100 of taxable property with the city for the purpose of a thoroughfare fund, which when collected shall be kept separate from the other funds of the city and shall be a continuing fund to be drawn on by the Board of Public Works and Safety for work done under, or in furtherance of, or in carrying out a part of the official thoroughfare plan.
('76 Code, § 19-62) (Ord. 1964-3, passed 6-1-64)