Pursuant to § 6-c of the General Municipal
Law, the Town Board of the Town of Chautauqua does hereby establish
a Capital Reserve Fund to finance the cost of acquisition of lands.
The Supervisor is hereby directed to deposit
moneys of this reserve fund in a separate bank account to be known
as "Land Reserve Fund."
The money in the capital reserve fund established
by said resolution of April 12, 1976, is hereby transferred to the
Capital Reserve Fund herein created.
No expenditure shall be made from the fund herein
created except upon authorization of the Town Board pursuant to § 6-c
of the General Municipal Law.
This chapter is made to legitimize said resolution
of the Board made on the 12th day of April 1976.