In accordance with the provisions of N.J.S.A. 40:5-2.11 and any amendments
thereof or supplements thereto, all revenues heretofore or hereafter derived
from parking meters in excess of the cost of purchase, installation, maintenance,
overtime parking enforcement and operation thereof are hereby dedicated to
the sole and exclusive purpose of the creation, purchase, construction and
maintenance of off-street parking facilities.
All such excess revenues shall be deposited in a special bank account
to be known as "Parking Meter Account," or invested in such securities as
may be permitted by law.