(A) An account is established for the deposit of monies for the Community of Compassion Fund. The monies will come from donations and fund raisers from the Madison Community.
(B) The account shall be named the Community of Compassion Fund and all funds contained in said account shall be expended only for the exclusive purpose of aiding disaster victims in Jefferson County, Indiana.
(C) The funds may be given to Jefferson County, Indiana relief agencies to be used for local emergencies.
(D) 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 the account.
(E) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(F) 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.
(Ord. 2005-22, passed 12-6-05; Am. Ord. 2014-1, passed 2-10-14)