Chapter 3.16
FIRE DEPARTMENT FIRE TRUCK TRUST FUND
Sections:
3.16.020 Segregation of moneys for inclusion—Acceptance of gifts.
3.16.040 Assets may be separated into various accounts.
3.16.010 Established.
There is established a separate fund of the city for the purchase of fire trucks for the fire department, a fund designated as the City Fire Department Fire Truck Trust Fund.
Statutory Reference: ORS 221.410
History: Ord. 966 §1, 1980.
3.16.020 Segregation of moneys for inclusion—Acceptance of gifts.
(1) The city, in its budgeting process, may segregate money for inclusion in the city fire department fire trust fund. The city may also accept gifts, devises or bequests of money or property to said fund.
(2) Gifts, devises or bequests to the city for the fire department or fire department purposes shall be deemed given to the city fire department fire truck trust fund unless a contrary intent on the part of the donor is evidenced. Donations may be accepted on such conditions as may be approved by the City Council.
Statutory Reference: ORS 221.410
History: Ord. 966 §2, 1980.
3.16.030 Use restrictions.
(1) The city fire department fire truck trust fund and the income therefrom shall be used exclusively for the purchase of fire trucks and fire fighting equipment to be carried thereon.
(2) Subject to any other requirements of the law, all expenditures and disbursements from the city fire department fire truck trust fund shall be approved by the City Council upon the recommendation of the City Administrator and the Fire Chief.
Statutory Reference: ORS 221.410
History: Ord. 966 §3, 1980.
3.16.040 Assets may be separated into various accounts.
(1) Assets of the fund may be segregated into separate accounts and such accounts may, for convenience or in order to comply with the conditions or requests of the donor, be designated by separate names.
(2) The assets of the various accounts may nevertheless be commingled as may be deemed expedient by the city for investment or accounting purposes.
Statutory Reference: ORS 221.410
History: Ord. 966 §4, 1980