[HISTORY: Adopted by the Board of Commissioners of the Township of North Huntingdon 5-21-1964 by Ord. No. 229 (Ch. 5 of the 1975 Township Code). Amendments noted where applicable.]
GENERAL REFERENCES
Independent Auditor — See Ch. 7.
Meetings of Board of Commissioners — See Ch. 66, Art. I.
There is hereby created a Capital Reserve Fund into which the Township Commissioners may appropriate moneys from general Township funds or into which they may place any moneys received from the sale, lease or other disposition of any Township property or from any other source unless received or acquired for a particular purpose.
The Capital Reserve Fund hereby created shall be used, from time to time, for the construction or replacement of or additions to municipal buildings or for the construction or purchase of equipment, motor vehicles or other capital assets deemed necessary for the proper functioning of the Township of North Huntingdon.