§ 18-15. Trust funds.

Latest version.

All moneys received under the provisions of this article shall be deemed to be trust funds, to be held and applied solely as provided in this article. Any officer to whom, or any bank, trust company or other fiscal agent or trustee to which such moneys shall be paid shall act as trustee of such moneys and shall hold and apply the same for the purposes of this article.

(Ord. No. 60-7, § 15, 2-9-60; Ord. No. 64-26, § 1, 7-7-64)

                    
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