(A) All contributions or funds raised by the Volunteer Fire Department shall be deposited in an account described as follows: Maud Volunteer Fire Department. All funds so deposited shall be expended for the benefit of Volunteer Fire Department requirements only, subject to city's purchase order policy.
(B) All funds being withdrawn from such depository on the checks of the City Volunteer Fire Department account shall be signed by the Secretary/Treasurer and counter-signed either by the Fire Chief or Assistant Fire Chief.
(C) The Volunteer Fire Department shall furnish the city with quarterly financial reports, and all records shall be open for investigation by the city at all times.
(D) All present fire equipment, apparatus and buildings shall be the property of the city and all fire equipment, apparatus or any equipment purchased shall become the property of the city and be listed under the assets of the city.
(Ord. 14-0201, passed 2-21-2014; Ord. 14-0901, passed 9-15-2014; Ord. 16-1102, passed 12-1-2016)