Any and all monies or credits hereafter assigned, transferred and appropriated to the Public Improvement Reserve Fund shall be held in said Fund as reserve for the use by the city for the purposes authorized by Public Act 177 of 1943, being M.C.L.A. §§ 141.261 through 141.265, as amended, and are specifically authorized by the City Council to be accomplished at some future time. Monies accumulated in said Fund shall not be transferred, encumbered or otherwise disposed of except for the purposes authorized by Public Act 177 of 1943, being M.C.L.A. §§ 141.261 through 141.265, as amended.
(1979 Code, § 1.75) (Ord.12, passed 11-1-1944)