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(A) All revenues collected from the imposition of the tax imposed by this article shall be covered over into the park acquisition and development fund, which is established hereby in the department of finance.
(B) Disbursement and encumbrance of money in the fund shall be made solely for the refund of taxes imposed and paid hereunder and for the acquisition, development and improvement of park and recreational facilities to serve the municipal purposes of the city.
(`64 Code, Sec. 16-53) (Ord. No. 1421)