There is hereby established a fund to be known as the catastrophic emergency fund of the city, into which will be deposited, from time to time, income or revenues as determined by the city commission, and with the types of projects to be eligible for expenditure of such funds to be subsequently designated by ordinance passed by a four-fifth vote of the commission to authorize expenditure from such fund.
(Code 1973, § 2-157; Code 1997, § 32.024; Ordinance 80-56, adopted 6/4/1980; Ordinance 80-56A, adopted 6/18/1980; Ordinance 82-63, adopted 8/18/1982)