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Subdivision 6. Fund Abolishment. No Fund created by this chapter may be abolished <br />except by properly enacted Ordinance or as detailed in Chapter 7 of the City Charter. <br />SECTION 2. SUMMARY <br />The following is the official summary of Ordinance #01 36 #15-XX which has been approved by <br />the City Council of the City of Ramsey as clearly informing the public of the intent and effect of <br />the Ordinance. The Ordinance repeals the existing City Code Section 3.40 and replaces it with a <br />new Section 3.40. Section 3.40 is a section required by the City Charter. This section establishes <br />the various City Funds used for the deposit and disbursement of City monies. This section <br />further defines the policies of each Fund and how it is to be administered. <br />SECTION 3. EFFECTIVE DATE <br />This Ordinance becomes effective upon thirty (30) days after its passage and publication subject <br />to City Charter, Chapter 5.7. <br />PASSED by the City Council this the 44 day of September, 2001. <br />ATTEST: <br />City Clerk <br />Introduction Date: <br />Posting Dates: <br />Adoption Dates: <br />Publication Date: <br />Effective Date: <br />Mayor <br />August 21, 2001 <br />August 24 Scptcmbcr 11, 2001 <br />October 17, 2004 <br />Page 14 of 14 <br />