(a)   Establishment.  There is hereby established a special, separate and permanent fund which shall be known and referred to as the Equipment Depreciation Fund. The Director of Finance is hereby authorized and directed forthwith to take such action and to make such records as may be necessary to establish the Equipment Depreciation Fund and thereafter to show its existence and condition at all times upon the proper records of the City.
(Ord. 19-62.  Passed 5-21-62.)
   (b)   Moneys for Fund.  There shall be paid into the Equipment Depreciation Fund, when and as received, all money appropriated to the Fund from the General Fund by Council from whatever source acquired.  (Ord. 55-62.  Passed 7-16-62.)
   (c)   Authorized Expenditures.  The Equipment Depreciation Fund shall be used only for the expense of the purchase of motor vehicle equipment, including but not limited to passenger motor cars, trucks, ambulances, motorcycles, trailers and highway and public ground maintenance equipment, either self-propelled or vehicular drawn.
   (d)   Custody of Fund.  The Director of Finance shall have possession and custody of the Equipment Depreciation Fund and the supervision of all accounts with respect thereto. No further bond shall be required of the Director of Finance because of the Fund, but the Equipment Depreciation Fund shall be under the protection of any bond heretofore given or that may be given hereafter by the Director of Finance.
(Ord. 19-62.  Passed 5-21-62.)