A Borough of Longport Recreational Trust Fund is hereby established.
The Commissioner of Revenue and Finance open a bank account designated
Borough of Longport Recreational Trust Fund in any banking institution authorized
to accept Borough funds, including National Community Bank of New Jersey,
now Bank of New York, and any account so opened for this purpose shall be
and the same is hereby ratified.
The signatories to said account shall be in accordance with Ordinance
No. 92-13.
Designated funds received by the Borough of Longport shall be placed
into said account.
The funds shall be drawn from this account for recreational and closely
related purposes only.