(a) There is hereby created a Fire Fighting Facilities Fund in the Municipality which shall be administered in a manner provided by law and shall be made up of the amounts, exclusive of labor charges, paid to the Village by the surrounding townships under contracts providing fire protection for them through the dispatch of men and equipment from the Village, and such other funds as may be properly placed therein.
(b) The Clerk-Treasurer is hereby authorized, directed, and required to establish and separately maintain said fund in a manner provided by law, to place therein such contractual amounts received by the Village and such other moneys as may be properly placed therein.
(c) Expenditures from this fund shall be made for the purchase of fire fighting equipment or vehicles, or the substantial repairs to existing equipment and vehicles.
(d) This section shall be effective as soon as approved by the Bureau of Inspection and Supervision of Public Offices of the State of Ohio.
(Ord. 86-8. Passed 3-18-86.)