The Recreation Board may accept any grant, gifts, bequest or donation of services, equipment, real estate or money from any individual or group to be used as specified by the donor or in accordance with the terms of acceptance. The Recreation Board shall have no authority to enter into any contract or incur any obligation binding upon the Borough, excepting in the instances of grants, gifts, bequests or donations as above specified. All obligations or contracts made on behalf of the Recreation Board shall be fully executed within the then current fiscal year and all within the budget appropriation made by Council.
(Ord. 820. Passed 2-15-65.)