(A) An account is established for the deposit of monies for the Lide White Boys and Girls Club Project.
(1) This account shall be named the Lide White Boys and Girls Club Fund and all funds contained in said account shall be expended only for the limited and exclusive purpose of Lide White Boys and Girls Club.
(2) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from said account.
(B) This account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council. If this 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.
(Ord. 2001-3, passed 3-7-01)