Water — See Ch. 169.
§ 39-1Fund established.
§ 39-2Moneys deposited into separate account.
§ 39-3Investment of fund moneys.
§ 39-4All expenditures by authorization.
Pursuant to § 6-c of the General Municipal Law, as amended, this Board of Trustees does hereby establish a capital reserve fund to finance the cost of construction of water system improvements.
The Village Treasurer is hereby directed to deposit moneys of this reserve fund in a separate bank account to be known as the "Water System Reserve Fund."
The Village Treasurer is authorized to invest, from time to time, the moneys of this fund pursuant to § 6-c of the General Municipal Law.
No expenditure shall be made from this fund, except upon authorization of this Board pursuant to § 6-c of the General Municipal Law.