[Adopted 7-9-1969 by Ord. No. 338]
The funds heretofore established shall be controlled, invested
and administered, and the income arising therefrom expended, in such
manner as may be determined by action of the Borough Council duly
elected and holding office in future years, subject to the restrictions
heretofore placed on said funds. The Borough Council may designate
an agent or agents to assist them in the control, investment and administration
of the said endowment and reserve funds.