(A) All fund raising moneys shall be deposited in an account described as follows: Gun Barrel City Special Fire Department Account. All funds so deposited shall be expended for the benefit of Fire Department requirements only.
(B) All funds being withdrawn from such depository on the checks of the Gun Barrel City Special Fire Department Account shall be signed by any one signature and counter-signature specified by the Mayor, and who is an elected official and/or the City Secretary.
(C) The City Treasurer shall furnish the City Fire Department with quarterly financial reports, and all records shall be open for investigation by the Volunteer Fire Department of the city at all times.
(D) The funds of the Volunteer Fire Department shall be included in the city budget, showing its proposed balances, revenues and expenditures. A copy of such budget shall be forwarded to the Comptroller of Public Accounts of the state.
(E) All present fire equipment, apparatus and buildings shall be the property of the city and all fire equipment, apparatus or any equipment purchased for the extinguishment of fires and control thereof, shall become the property of the city and be listed under the assets of the city.
(`88 Code, Ch. 5, § 1.16) (Ord. 326, passed 10-1-91)