[Adopted 8-2-1924 (Ch. 12, Art. II of the 1976 Code)]
Whereas it appears that in or about 1837 the
Town of Monroe received from the State of Connecticut the sum of $3,909.02
to be held in trust by said Town as a fund thereafter known as the
"Deposit Fund," the income therefrom to be appropriated annually towards
the support of the common schools of said Town, and whereas it appears
that during the many years since said date other funds of said Town
have in some manner become added to said fund and carried as a part
of said fund and have been for many years past, by error, reported
as a part of said fund and annual reports by the agent of said Town
Deposit Fund, therefore the treasurer and agent of said Town Deposit
Fund is hereby authorized and instructed to separate said Town Deposit
Fund from all other trust funds of said Town in his hands and hereafter
to carry in his records the amount of the principal of said Town Deposit
Fund in his hands as being said sum of $3,909.02 and hereafter to
report in his annual reports on said Town Deposit Fund the amount
of principal of said fund as being said sum of $3,909.02.
The agent and treasurer of the Town Deposit
Fund is instructed to transfer to the Stephen Gregory Fund any balance
of trust funds and securities standing in the name of the Monroe Town
Deposit Fund after separating the Town Deposit Fund from other trust
funds now in his hands.
