(A) A fund is established for the deposit of monies from Bethany Legacy Foundation.
(B) Said account shall be named the Bethany Legacy Fund and all monies contained in said Fund shall be expended in accordance with the directives from Bethany Legacy Foundation for the completion of several projects at the Hanover Town Park as specified in the grant agreement and grant application submitted. The following fund number is designated: Bethany Legacy Foundation Fund: 2303.
(C) The Clerk-Treasurer shall be authorized to expend and disburse monies from said Fund in accordance with directives herein and in accordance with the state and any other relevant laws.
(D) Said fund shall be non-reverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Hanover Town Council.
(Ord. 2023-16, passed 9-5-2023)