(A) There is hereby created within the Green Areas and Recreational Fund of the village a Green Areas and Recreational Endowment Fund. It is hereby directed that a separate account be set up on the financial records of the Green Areas and Recreational Fund of the village.
(B) Any moneys or other property placed in the Green Areas and Recreational Endowment Fund shall be held in the fund and the income only thereof used for the upkeep, maintenance, and administration of green and recreational areas of the village. Moneys from the Endowment Fund cannot be transferred to the Unrestricted Fund or the Acquisition Fund, established by §§ 36.31 and 36.32.
(C) The village may, from time to time, place in or accept contributions to said Green Areas and Recreational Endowment Fund, and when the moneys or property are placed therein, said Funds shall be administered in accordance herewith.
(D) Securities now held by the village in the Green Areas and Recreational Fund shall be accounted for as part of the Green Areas and Recreational Endowment Fund.
(Ord. 29-89, passed 10-23-89)