§ 19-57. Perpetual trust fund/revenue.

Latest version.

All moneys from the estate of Ella W. Sharp shall be invested and shall constitute a perpetual trust fund known as the Ella W. Sharp Park Fund. The trustees of the Ella W. Sharp Park Fund shall continue to have responsibility for the care, handling, investing and reinvesting of such trust funds. All revenues from such trust funds and the operation of any activity at Ella W. Sharp Park shall be dedicated to Ella W. Sharp Park purposes. The trustees shall annually develop a budget which shall be submitted for review and approval by the city council.

(Code 1977, § 1.194; Ord. No. 98-7, § 8, 3-17-98)

                    
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