(A) There is created the town’s Beautification Donation Fund, or herein “Donation Fund”.
(B) The Donation Fund shall be established and administered as follows.
(1) Neither the Donation Fund, nor the return on the Donation Fund, shall be subject to attachment or execution by creditors of the town or available to satisfy judgments against the town.
(2) The Clerk-Treasurer, or the Clerk-Treasurer’s designee, is authorized to accept gifts and grants of monies to be deposited into the donation fund, in exchange for a receipt (Town Form #217). The original receipt shall be given to the donor, while the duplicate copy is to be retained by the Clerk-Treasurer, as required under Indiana Uniform System of Accounts.
(3) Monies received by the donation fund shall be expended only for the betterment of the town, as determined and authorized by the then current Town Council, in a public meeting, after reasonable opportunity for input and advice from the public, including the Chamber of Commerce. The expenditures may include, but need not be limited to: antique street lamps and related construction costs, shade trees, tree maintenance, donation plaques, tree grates, bricks, brick sidewalk inserts, park benches, trash receptacles, banners and holiday decorations.
(4) The town’s Beautification Donation Fund shall be in existence by authority of this section and shall be perpetual until terminated by the terms of a subsequent duly enacted ordinance.
(5) Upon the termination of the donation fund, the fund balance shall be deposited in and become a part of the town’s Revolving Development Fund.
(Prior Code, § 33.03) (Ord. 1993-4, passed - -1993)