[HISTORY: Adopted by the Borough Council of the Borough of Columbia 9-9-1991 by Ord. No. 635 (Ch. 56A, Art. I, of the 1971 Code). Amendments noted where applicable.]
The Columbia Borough Council does hereby create and organize a Parks and Recreation Foundation.
The purposes for which the Columbia Parks and Recreation Foundation is formed are to provide support for parks and recreation within the Borough of Columbia and to promote, sponsor and carry out related activities and objectives within the Borough of Columbia.
[Amended 12-16-2003 by Ord. No. 726]
The Borough Council shall appoint members to the board of said Foundation from time to time, as may be required, and shall, from time to time, take any and all action necessary or desirable to carry out the purposes of this chapter.
The foundation will be a not-for-profit corporation with tax-exempt status to be known as the "Borough of Columbia Parks and Recreation Foundation." The existence of said corporation is to be indefinite. The corporation shall maintain a budget and oversee all contributions in cash and in kind. The corporation shall have the power to disburse funds necessary to promote the maintenance and development of parks and recreation and to carry out related activities.
The Council authorizes the President of the Borough Council to incorporate the corporation and to file all necessary documents to carry out the purposes of this chapter.