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ORDINANCE NO. -t ~ 7~ ~~ <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, AMENDING CHAPTER 2, ARTICLE 14 OF THE SOUTH BEND <br />MUNICIPAL CODE TO ESTBLISH A NEW NONREVERTING, PRIVATE GIFT, <br />DONATION AND BEQUEST FUND <br />STATEMENT OF PURPOSE AND INTENT <br />From time to time the City of South Bend receives gifts, donations and bequests from <br />private citizens, which may or may not be restricted to a specific use or purpose. At this time the <br />City has no designated repository for private gifts to the City. This ordinance creates such a <br />fund. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South <br />Bend, Indiana: <br />Section I. Chapter 2, Article 14 of the South Bend Municipal Code shall be and hereby is <br />amended to add a new Section 2-170.11 which establishes a Private Gift, Donation and Bequest <br />Fund to read as follows: <br />Section 2-170.11 Nonreverting Private Gift, Donation and Bequest Fund. <br />(a) The Private Gift, Donation and Bequest Fund is established within the City of <br />South Bend to receive monies donated, given and/or bequeathed to the City of <br />South Bend by private, non-governmental persons including corporations, <br />partnerships and similar entities. <br />(b) The Controller shall use all monies deposited into this Fund for the reasonable <br />purpose(s) designated by the donor, if any, to the extent feasible, and any <br />terms and/or conditions attached to the gift, donation and bequest shall be <br />reviewed and. approved by the City Attorney. The Common Council may <br />reject any gifts. <br />(c) The Controller shall deposit monies qualifying for this Fund in the manner <br />prescribed by Ind. Code 5-13-6-1 et seq., as if they were public funds, and <br />may invest those monies as provided by the Ind. Code § 5-13-9-1 et seq., <br />with any interest deposited into this fund. <br />(d) Appropriation of monies in this fund, whether or not designated by the donor <br />for a specific purpose, shall require approval by the Common Council. <br />