[Gen. Ords. 1962, § 19-18]
The gift of ten thousand ($10,000.00) to the inhabitants of the city in memory of the late Royal E. Robbins, shall be called by the name of the "Royal E. Robbins Memorial Fund" and shall be kept by the city treasurer invested in bonds or notes of the city or in securities, in which funds of savings banks may be law be invested, except personal securities.