[HISTORY: Adopted by the Council of the Borough of Lansdale 8-17-1983 by Ord. No. 1285 (Ch. 113 of the 1972 Code). Amendments noted where applicable.]
By this chapter, the Borough Council acts and ordains that there shall be a Utility Reserve Fund in the amount of $500,000, and said fund shall be available and used for the purposes of emergencies created and any of the utility systems owned by the Borough of Lansdale.