(A) There is hereby created within the Green Areas and Recreational Fund of the village the Green Areas Acquisition Fund, and it is hereby directed that a separate account be set up on the financial records of said Green Areas Fund.
(B) Any contributions or appropriations placed in the Acquisition Fund shall be held in the Fund and utilized for the purchase of real property to be used as green areas.
(C) The village may invest and reinvest the assets of the Acquisition Fund and the income thereof applied to the principal under the investment criteria set forth in § 36.28 hereof, or otherwise as provided by the laws of the state for municipal trustees.
(D) The village may, from time to time, place in or accept contributions to said Acquisition Fund, and when the contributions are placed therein, expenditures from the Acquisition Fund shall be in accordance herewith.
(Ord. 28-89, passed 10-23-89)