(A) The town’s Municipal Park Board may accept gifts, donations, and subsidies for park and recreational purposes. However, a gift or transfer of property to the Board may not be made without its approval.
(B) A gift or grant of money shall be deposited in a special nonreverting fund to be available for expenditure by the Board for purposes specified by the grantor. The Town Clerk-Treasurer may draw warrants against the fund only upon vouchers signed by the Park Board President and Secretary of the Park Board.
(I.C. 36-10-3-18) (Ord. 2017-11, passed 12-14-2017)