(A) An account is established within the budget of the Common Council for the purpose of accepting contributions and making disbursements for the purchase of federal surplus materials for the maintenance and improvement of the Miss Madison hydroplane boat.
(B) The account shall be named the Miss Madison, Inc. Fund, and all funds contained in the account shall be expended only for the limited and exclusive purpose of financing the purchase of federal surplus materials for the maintenance and improvement of the Miss Madison hydroplane boat.
(C) The express and written approval of the Board of Public Works and Safety and the Board of Directors of Miss Madison, Inc. shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council of the city.
(Ord. 1994-11, passed 7-5-94)