[Adopted 8-4-1998 by Ord. No. 98-5]
All real estate and personal property now or hereafter owned by the City of Waverly, Illinois (the "City") useful to the Waverly Volunteer Fire Department and Rescue Squad (the "Corporation") for fire protection and ambulance and rescue operations, and training therefor, may be used by the Corporation on such terms and conditions as may be agreed upon by and between the City and the Corporation from time to time.
From and after adoption of this article, the City and Corporation may own real and personal property in the sole name of each entity or jointly, to be used in fire protection and ambulance and rescue operations and training therefor.
To the extent permitted by law, and as determined by the Mayor and City Council, the City may provide financial support directly and indirectly to the Corporation in support of the Corporation's fire protection and ambulance and rescue operations and training therefor.
On or before the first of April of each year, the Corporation shall furnish to the City the following reports:
A full and complete written financial report showing all receipts and disbursements for the immediately preceding fiscal year and an inventory of assets owned by the Corporation only or jointly owned with others, together with a statement of debt as of the end of said fiscal year.
A written activity report indicating the number and location of all fires attended by the Fire Department and the number of Rescue Squad calls and the site or location to which the Rescue Squad responded during the immediately preceding fiscal year upon request.
It shall be the function and duty of the Corporation to provide all fire and ambulance and rescue operations within the City.