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Municipal reserve fund.

Southaven Code of Ordinances § 1-176
in effect
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Sec. 1-176. - Municipal reserve fund. That the municipality establish a special fund to be known as a municipal reserve fund. Funds specifically designated by the governing parties of the municipality for deposit in the municipality's reserve fund shall be deposited in a separate municipal account established for this purpose. The interest earned in the municipality's reserve fund shall be credited to the municipality's reserve fund. Legal expenditures shall be made from the fund upon the requisition of the governing authorities of the municipality, spread on the minutes and signed by the mayor and approved by the board of aldermen. The municipality may deposit funds as needed into its reserve fund. (Ord. No. 89, § 1, 11-2-99)
Source: City of Southaven, Mississippi, Code of Ordinances (Municode Library, library.municode.com)URL: https://library.municode.com/ms/southaven/codes/code_of_ordinances?nodeId=CO_TITIAD_CH5FI_ARTIGE_S1-176MUREFUFetched: 11/1/2026

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1-176 | Corpus