Earlier editions: 2026-09
Vallejo Municipal Code Ch. 3.30 McCUNE COLLECTION ENDOWMENT FUND
Vallejo Municipal Code · 2026-10 edition · updated 2026-10-04 · Vallejo
Cite as: Vallejo Municipal Code Chapter 3.30 · Text as of 2026-10-04
3.30.010 - Fund created—Deposits.¶
There is created pursuant to Section 713 of the Charter of the city an inviolate special trust fund to be known and referred to as the "McCune collection endowment fund" into which shall be deposited all monies received from the sale of books and other articles from the McCune collection that had been donated to the city by Dr. Donovan J. McCune in 1967. Other donations made payable to said endowment fund and any monies budgeted by the city council to supplement the proceeds received from the sale of portions of the McCune Collection selected to be sold shall likewise be deposited in the fund. Nothing herein shall preclude the establishment of a non-city fund or funds separately administered for the purpose of perpetuating the McCune Collection.
(Ord. 1326 N.C.(2d) § 1, 1995: Ord. 841 N.C.(2d) § 1(part), 1985.)
3.30.020 - Use of fund.¶
Interest earned on the principal amounts deposited in the McCune collection endowment fund shall be expended only to preserve and enhance the remainder of the McCune collection or other purposes consistent with the spirit of Dr. McCune's gift to the city as determined by the McCune Collection Commission. The fund, both principal and earned interest, shall not be used for other library purposes, except in case of urgent need with approval of the city council.
(Ord. No. 1728 N.C. (2d), § 1, 5-10-2016; Ord. 841 N.C.(2d) § 1 (part), 1985)
3.30.030 - Administration of fund.¶
The McCune collection commission appointed by the city council in fulfillment of the commission's duties under Section 2.51.020, shall submit to the City of Vallejo finance director its findings and determination concerning the financial status of the fund and those acquisitions or projects to be undertaken and completed by expenditures from the fund. The City of Vallejo finance director shall be consulted by the McCune Collection Commission concerning feasibility and usefulness during the decision-making process. When the expenditures of the McCune Collection Commission have been approved by the city council as a component of the annual city budget, the McCune Collection Commission shall proceed with implementation of the acquisitions or projects selected.
(Ord. No. 1728 N.C. (2d), § 1, 5-10-2016; Ord. 1326 N.C.(2d) § 2, 1995; Ord. 841 N.C.(2d) § 1 (part), 1985)
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