[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 §43.040]
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.