(A) All contributions or funds raised by the Fire Department shall be deposited in an account described as follows: Wake Village Fireman’s Fund. All funds so deposited shall be expended for the benefit of Fire Department requirements only, subject to the city’s purchase order policy.
(B) All funds being withdrawn from such depository on the checks of the Wake Village Fireman’s Fund account shall be signed by the Mayor and counter-signed by the City Secretary.
(C) All present fire equipment, apparatus and buildings shall be the property of the city and all fire equipment, apparatus or any equipment purchased by the Fire Department shall become the property of the city and be listed under the assets of the city.
(Ord. 12-13, passed 6-10-2013)