(A) There is hereby levied an additional $5 license tax under the provisions of R.C. § 4504.171 to take effect at the earliest time allowed by state law. The revenue derived from said tax will be used for the purposes authorized pursuant to R.C. § 4504.171, including to supplement costs and expenses associated with the maintenance of public roads within the city.
(B) There is hereby created a separate fund to be maintained by the city known as the Montgomery Street Improvement Fund. All monies raised by the imposition of the $5 motor vehicle tax shall be paid into this fund which shall have as its purpose the expenditure of these monies pursuant to the provisions of R.C. § 4504.171.
(Ord. 4-1993, passed 1-20-93)