As used in this chapter, the following terms shall have the meanings
indicated:
PUBLICITY FUND
A fund established by the Village Board of the Village of Lowville
for the purpose of segregating funds for the purpose of promoting the Village
of Lowville, for stimulating economic growth and for recognizing legitimate
Village-wide celebrations, such as significant anniversaries of the founding
of the Village.
The Board of Trustees of the Village of Lowville may from time to time
designate certain funds as publicity funds to be added to the Publicity Fund.
The Village Clerk shall keep a separate accounting of such fund and shall
treat it in the same manner as a reserve fund established under General Municipal
Law.
No funds shall be expended from the Publicity Fund except
upon resolution of the Village Board.