(A) Creation of Fund. There is hereby created and established a specific fund to be known as the Fire Department Beneficent Fund into which all monies and proceeds received in the form of gifts, contributions, donations and bequests to the Town Fire Department shall be deposited.
(B) Responsibility for Fund. The Fire Chief of the Town Fire Department shall be responsible for receiving all funds to be deposited in such account and shall keep records as to the amounts received, the manner of their receipt, any disbursements and a current balance in such Fund at all times.
(C) Disbursement of funds. Any use of any portion of said funds shall be initiated by a request through the Fire Chief of the Town Fire Department who shall then make a recommendation either to approve or not approve such a request to the Town Council. The Town Council shall then, in its sole discretion, either approve or not approve a disbursement of the funds for the purpose requested, and further, if the Town Council approves the disbursement it shall determine the amount of funds to be distributed by the Fire Chief.
(D) Use of funds. The purposes for the use of such funds and the amount authorized shall be for any lawful purpose at the sole discretion of the Town Fire Chief and Town Council.
(Ord. 21-99, passed 10-11-1999)