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HomeMy WebLinkAboutVienna By-Laws 1997 (2) • • THE CORPORATION OF THE VILLAGE OF VIENNA BY-LAW NO. 97-03 Being a By-Law to establish a Reserve Fund for the Edison Museum of Vienna WHEREAS, Section 163 of the Municipal Act, R. S.O., 1990, authorizes a municipality to provide for the establishment or maintenance of a Reserve Fund in its current estimates; NOW THEREFORE, THE COUNCIL OF THE VILLAGE OF VIENNA HEREBY ENACTS AS FOLLOWS: 1 . That a Reserve Fund be established and maintained to provide funds for Operation and/or Capital expenditures of the Edison Museum of Vienna: to be entitled the "Edison Museum of Vienna Reserve Fund Account": Consolidated Reserve Fund General Ledger Account Number 2270 2. That any monies provided in the current estimates, by donation, or through fund raising events, for the said Reserve Fund shall be deposited before the Thirty-First day of December, in that year 3. That the monies raised for the said Reserve Fund shall not be expended, pledged, nor applied for any purpose other than that for which the Fund was established, unless duly authorized by By-law 4. That the Clerk treasurer may, from time to time, invest such funds, and the earnings derived from the investment of such funds shall form part of the Reserve Fund 5. That the Village Auditor shall report annually on the activities and position of the said Reserve Fund 6. That this By-law shall come into force and take effect as of January 1 , 1997. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 10TH DAY OF APRIL, 1997. APAREE . CLERK File: B/I197-O3byl THE CORPORATION OF TAE VILLAGE OF VIENNA BY-LAW NO. 97-03 Being a By-Law to establish a Reserve Fund for the Edison Museum of Vienna WHEREAS, Section 163 of the Municipal Act, L S.O., 1990, authorizes a municipality to provide for the establishment or maintenance of a Reserve Fund in its current estimates; NOW THEREFORE THE COUNCIL OF THE VILLAGE OF VIENNA HEREBY ENACTS AS FO S: 1 . That a Reserve Fund be established and maintained to provide funds for Operation and/or Capital expenditures of the Edison Museum of Vienna: to be entitled the "Edison Museum of Vienna Reserve Fund Account": Consolidated Reserve Fund General Ledger Account Number 2270 2. That any monies provided in the current estimates, by donation, or through fund raising events, for the said Reserve Fund shall be deposited before the Thirty-First day of December, in that year 3. That the monies raised for the said Reserve Fond shall not be expended, pledged, nor applied for any purpose other than that for which the Fund was established, unless duly authorized by By-law 4. That the Clerk treasurer may, from time to time, invest such fiords, and the earnings derived from the investment of such funds shall form part of the Reserve Fund 5. That the Village Auditor shall report annually on the activities and position of the said Reserve Fund 6. That this By-law shall come into force and take effect as of January 1, 1997. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 10TH DAY OF APRIL, 1997. 4111. I ` REE _.• CLERK File: B/L,/97-O3byl