Unless the context specifically indicates otherwise,
the meaning of the terms used in this article shall be as follows:
BOROUGH MANAGER
The Borough Manager of the Borough of Waynesboro, Pennsylvania,
or his authorized deputy, designee, agent, or representative.
INVESTMENT
A legal investment as permitted for trust funds in Pennsylvania.
PERSON
Any firm, association, organization, governmental body, partnership,
trust, company, corporation, society or group as well as an individual.
Singular number includes the plural and the plural number includes
the singular.
The Borough of Waynesboro shall set aside a
separate fund for any monies received by gift, donation or grant to
the Borough by any person, for the construction of a swimming pool
and other facilities at North Side Park within the Borough of Waynesboro,
Pennsylvania, and maintenance thereof.
Such fund may be invested in such investments
and in such amounts and at such times as deemed wise by the Borough
Manager, if in his discretion the Borough Manager deems that said
invested sums will not be necessary for the construction and/or maintenance
of said swimming pool and other facilities in North Side Park during
the term of said investment.
The Borough Manager is hereby authorized to
expend sums from the principal and/or income of said fund if in his
sole discretion it is deemed necessary for the following purposes:
A. For the construction and/or maintenance of a swimming
pool to be constructed in North Side Park in the Borough of Waynesboro,
Pennsylvania.
B. For the construction and/or maintenance of other facilities
in said North Side Park in the Borough of Waynesboro, Pennsylvania.
C. For the services of a professional fundraiser to consist,
inter alia, of professional fee and administrative expenses, including
secretarial assistance, office machinery, telephone, electricity,
utilities, rent, publicity, banquets, luncheon meetings, living expenses
of fundraiser, travel, postage, and other miscellaneous expenses.
D. For the acquisition of land to be annexed to said
North Side Park and for any legal and other expenses coincident to
said land acquisition.
E. Any other expenses deemed necessary by said Borough
Manager in the construction and/or maintenance of said pool and/or
facilities in said North Side Park and in the solicitation of funds
for the purpose of said construction and/or maintenance of said pool
and other facilities in said North Side Park.