There shall be established in the Borough of Middletown (hereinafter
the "Borough") a Public Works Vehicle and Equipment 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(22) for the appropriation
of funds for the purchase of capital assets of the Borough. The Borough
shall set aside money in the Public Works Vehicle and Equipment Fund
for the purchase of vehicles and equipment that may arise in the course
of Borough operations. The administration, control, investment and
expenditure of the Public Works Vehicle and Equipment Fund by Borough
Council shall be in accordance with this chapter.