(a) There is hereby created a fund to be known as the Orangewood Drainage Improvement Fund. All State Issue 2 funds together with all funds appropriated by Council for Orangewood drainage capital improvements shall be paid into the Orangewood Drainage Capital Improvements Fund. The Treasurer shall make payment from such funds upon presentation of vouchers or orders by proper Village officials in accordance with law. Such disbursement shall be made for the purposes of planning and construction of the Orangewood drainage capital improvements within Orange Village.
(b) The Treasurer is hereby authorized and directed to make application to the Bureau of Inspection of the State of Ohio for approval of the creation of the Orangewood Drainage Improvement Fund pursuant to the provisions of Ohio R.C. 5705.12.
(Ord. 1994-29. Passed 5-11-94.)