(A) A Board may accept gifts, donations, and subsidies for park and recreation purposes. No gift or transfer of public property to the Board shall be made without its approval.
(B) Any 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 disbursing officer of the town shall draw warrants against such special nonreverting fund only upon vouchers signed by the president and secretary of the Board.
(Ord. passed 9-8-75)