The governing body of the City of Española hereby creates
the Española Veterans Memorial Foundation; and the initial
Board of five members shall be appointed by the Mayor and ratified
by the City Council.
The Española Veterans Memorial Foundation has the responsibility
to:
A. Perpetuate itself with its bylaws; and
B. Create and fiscally manage an endowment for the purpose of maintaining,
expanding, and preserving this Memorial to recognize honorably discharged
veterans of our northern New Mexico communities.
The City of Española shall:
A. Make available the property for the Española Veterans Memorial
at no cost to the Española Veterans Memorial Foundation.
B. Assume all liability for the property and facilities belonging to
the City of Española.
C. Assume the responsibility to maintain, expand and preserve the Española
Veterans Memorial in the event that the Foundation is unable to do
so.