(A) There is hereby established a special fund to be entitled Civic Events Donation Fund. The Clerk-Treasurer of the town is hereby empowered to receive and deposit monetary donations which are donated for use by the town with respect to civic events, said deposits to be placed with a financial institution named by the town as a depository.
(B) Donations made to the Civic Events Donation Fund are to be used by the town for the furtherance of civic events and civic opportunities, including any and all related costs, expenses, purchases, services, equipment, and other products associated with the same.
(C) That although the purposes of the donations deposited in the Civic Events Donation Fund are to be used as provided herein, the Clerk-Treasurer of the town shall account for said fund in such a way as to give due regard to the specific intention of any donor making any donation to said fund.
(D) The Clerk-Treasurer is also hereby empowered to disburse amounts from the Civic Events Donation Fund to persons or agencies from whom services, equipment, or products are purchased or used, upon proper presentation of a claim before the Town Council and acceptance thereof, all in accordance with the rules and regulations of the Indiana State Board of Accounts.
(Ord. 1-2011, passed 4-18-2011)