[R.O. 2011 §43.010]
There is hereby established the Emma Duncan Kubach Memorial Trust Account. The purpose of such account is to provide a means by which persons may make gifts to the City of Savannah for the beautification and betterment of the City.
[R.O. 2011 §43.020]
Any devise, legacy or gift made to the City of Savannah for the general beautification and betterment of the City shall be placed in the Emma Duncan Kubach Memorial Trust Account.
[R.O. 2011 §43.030]
A. 
The Emma Duncan Kubach Memorial Trust Account shall be managed and invested by the City Treasurer for the City of Savannah subject to the following conditions:
1. 
The principal of said account shall be invested in:
a. 
Direct obligations or obligations unconditionally guaranteed as to principal and interest by the United States;
b. 
Accounts of savings and loan associations to the extent the accounts are insured by the Federal Savings and Loan Insurance Corporation; or
c. 
Some other similar type of investment approved by the Board of Aldermen.
2. 
Beginning October 1, 1983 and on the first (1st) day of each October thereafter, the interest earned on said account may be disbursed for beautification and betterment of one (1) of the following:
a. 
Savannah Cemetery;
b. 
Duncan complex;
c. 
Savannah park system administered by the Savannah Park Board.
3. 
The City Treasurer shall report at least semi-annually to the Board of Aldermen regarding the current status and condition of the Emma Duncan Kubach Memorial Trust Account.
[R.O. 2011 §43.040]
The Board of Aldermen shall determine on or before October first (1st) of each year which area or entity mentioned in Section 150.030(2) will receive the interest earned by the Emma Duncan Kubach Memorial Trust Account. For the purpose of aiding the Board of Aldermen in its decision, interested persons may submit plans, projects, suggestions and recommendations to the City Clerk/Treasurer on or before September first (1st) of each year.
[R.O. 2011 §43.050]
In the event the Board of Aldermen does not disburse the interest earned from the Emma Duncan Kubach Memorial Trust Account on or before October first (1st) of each year, the interest earned on said account shall be reinvested by the City Treasurer in a separate interest-bearing fund until disbursement is made.