There shall be established in the Borough of Middletown (hereinafter
the "Borough") a Fire Apparatus Fund pursuant to the authority set
forth in 8 Pa.C.S.A. § 1313.1 for the creation of special
funds and investments and the authority set forth under 8 Pa.C.S.A.
§ 1202(35) for the appropriation of funds for fire companies
for the purchase of fire engines and fire apparatus for fire, rescue
and lifesaving services within the Borough. The Borough shall set
aside money in the Fire Apparatus Fund for the payment of expenses
that may arise in the ordinary course and operation of the Borough's
Fire Department related to the acquisition of fire and rescue apparatus
and associated equipment to be used by the Fire Department of the
Borough. The administration, control, investment and expenditure of
the Fire Apparatus Fund by Borough Council shall be in accordance
with this chapter.