Chapter 3.50
MESKER PARK DEVELOPMENT FUND
Sections:
3.50.010 Acceptance of gift.
The City accepts and agrees to the terms and conditions of a gift and bequest of George L. Mesker, as set forth in his last will and testament as the same appears in Will Record S., at pages eight to 12 of the will records of the Vanderburgh Probate Court of Vanderburgh County, as follows:
That after the death of a life beneficiary named in said will, the executor or executors and/or trustee or trustees named therein to pay from the principal and residuary of said estate the sum of five hundred thousand dollars ($500,000.00) to the City of Evansville, Vanderburgh County, State of Indiana, to be used for improving or for purchasing additional property for Mesker Park.
[Ord. G-81-53, passed 12-14-81. 1962 Code, Art. 3, Ch. 21, § 1; 1982 Code § 30.320; 1983 Code § 3.30.320.]
3.50.020 Fund.
(A) Any funds or money given to the City or its Park Department to be used for improving or purchasing additional property for Mesker Park shall be accounted for and delivered to the City Treasurer, to the credit of the City, in a special account designated the Mesker Park Development Fund. The Treasurer (Controller) and City Controller shall issue a proper receipt and quietus to the person, for any sum of money received by the City Treasurer.
(B) The City Controller shall create and maintain upon the books of the City a special account, to be known and designated as the Mesker Park Development Fund, into which account shall be funded or credited all monies belonging to the fund. The unexpended balance in the fund at the end of any year shall not revert to the General Funds of the City, but shall be carried over in the special account.
(C) The Mesker Park Development Fund shall be under the exclusive control of the Board of Park Commissioners of the City. The Board of Park Commissioners shall expend the funds for improving or purchasing additional property for Mesker Park only. [Ord. G-81-53, passed 12-14-81. 1962 Code, Art. 3, Ch. 21, § 2; 1982 Code § 30.321; 1983 Code § 3.30.321.]