[R.O. 2004 § 240.050; Ord. No. 8.02 §§ 1 — 2, 12-4-1923]
A.
The Board of Aldermen hereby ordains and
directs that a fund be created and set apart by the Treasurer, to
be known as the "Gibbs Park Fund," and that all monies derived through
the rentals and all other income from the Gibbs dwelling and other
buildings willed to the City by Mrs. Mary Gibbs for a park be placed
in the Gibbs Park Fund, except such amounts as may be required for
repairs and insurance on said buildings, and that said Park Fund be
used only for the improvement of said park, in carrying out the provisions
of the will creating said park, and that as soon as practicable the
stone wall be built as directed around said park, and that the entrance
and archway be built as directed by said will, so that the will and
wishes of the late beloved Mary Gibbs concerning Gibbs Park be carried
out according to the plans and directions by her set out in her last
will and testament, and that all of the rentals and other income from
said property, together with whatever funds that may be accumulated
for that purpose, be economically expended in further beautifying
said Gibbs Park.
B.
The City Treasurer is hereby ordered, upon
the passage and approval of this Article, to at once place all funds
heretofore accumulated from the rental of the Gibbs dwelling, out
houses and private garage located thereon, together with the funds
derived from the sale of the old stone house or granary building,
in the Gibbs Park Fund and to use the same only for the purposes of
this Article set out and for no other purpose.
