[HISTORY: Adopted by the Board of Supervisors of the Township of
North Codorus 12-28-2001 by Ord. No. 159-12-00.
Amendments noted where applicable.]
A separate capital reserve fund is hereby created under and pursuant
to the terms and provisions of Section 1508 of the Second Class Township Code.[1] The Supervisors of North Codorus Township are authorized to budget
and appropriate money for said capital reserve fund. Money so appropriated
shall be deposited therein, and shall be invested and administered and shall
be used only for the following purposes:
A.
To build, improve and replace recreation buildings.
B.
To acquire equipment of and for the Township and to replace
any such equipment.
C.
To acquire real estate for roads, bike trails, hike trails
and for recreation purposes.
D.
To improve existing Township buildings.
E.
To contribute to improvement of a building for a regional
police department, if any, in which the Township may become involved.
[1]
Editor's Note: See 53 P.S. § 66508.
Money for the aforesaid specific purposes may be drawn from the said
capital reserve fund upon action duly authorized at a public meeting of the
Supervisors of North Codorus Township, and upon both signatures of the Treasurer
and of one Supervisor.
