In the establishment of parking meter regulations and control, as provided for in this chapter, it is hereby declared lawful and in the proper exercise of judgment and authority to enter into a contract for the experimental or contingent use of any particular type, make or system of meters and to enter into a contract for the payment thereof from the proceeds obtained and the moneys deposited in the meters and kept in the special fund provided for in Section 464.09, and to use such portion of such fund as may be deemed necessary to provide for the proper regulation, control and inspection of traffic upon the public streets and to cover the cost of supervising, regulating and inspecting the parking of vehicles in the parking zones, and the cost of placing and maintaining lines or marks that designate such parking spaces in the parking meter zones, and the cost of the purchase, supervision, protection, inspection, installation, operation, maintenance, control and use of the parking meters.
(Ord. 321. Passed 11-15-46.)