(A) There is hereby created within the Green Areas and Recreational Fund of the village the Green Areas and Recreational Unrestricted Fund, and it is hereby directed that a separate account be set up on the financial records of the Green Areas Fund.
(B) Any contribution placed in the Unrestricted Fund and any interest generated therefrom shall be held in the Fund and utilized for any purpose deemed appropriate by the Council for the care, preservation and improvement of the Green Areas of the village as well as acquisitions thereto, whether or not that specific purpose is set forth herein, or as a purpose of the Green Areas and Recreational Fund, the Green Areas and Recreational Endowment Fund, the Green Areas Acquisition Fund, or any other fund hereafter created for the enhancement of the green areas.
(C) The village may invest and reinvest the assets of the Unrestricted Fund and the income therefrom applied to the principal under the investment criteria set forth in § 36.28 hereof, or otherwise as provided by the law of the state for municipal trustees.
(D) The village may, from time to time, place in or accept contributions to said Unrestricted Fund, and when the contributions are placed therein, expenditures from the Unrestricted Fund shall be in accordance herewith.
(Ord. 28-89, passed 10-23-89)