13-1397

Chapter 13.--CITIES OF THE FIRST CLASS
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS

Article 13.--PARKS, PARKWAYS, BOULEVARDS AND PLAYGROUNDS

     
13-1397.   Same; revenues to separate fund; use.
Revenues derived from the operation of any such swimming pools and golf
courses financed in whole or in part by revenue bonds authorized by this
act shall be paid into the treasury of the board of park commissioners and
kept in a separate fund and shall not be used except for the purpose of
paying the cost of operation, maintenance and improvement of such swimming
pools and golf courses, providing an adequate depreciation fund and paying
the principal of and the interest upon the revenue bonds issued under the
act.

     
History:   L. 1967, ch. 110, § 3; July 1.