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kA EA I FrAdm IZOVORWI)RV
<br />Buterical. Note.
<br />Prior, to the 1953 amendatory act the budget
<br />was to be adopted and taxes levied by, an
<br />ordinance rather than by a resolution. The
<br />1
<br />1953, amendment also ornitted a provision
<br />which read:- Me appropriation ordinance
<br />shall make the appropriations for each fund,
<br />segregated by deparltmeuM for ordinary rx-
<br />penses, showing the amount appropriated for
<br />salahes and wages and for other purpo=; for
<br />each payment of principal and interest on obli.
<br />gations, and, for each fixed charge; and for
<br />each, capital. outlay."
<br />Ubir=7 ReferemicAm
<br />Municipal, Corporations, 1858 et scq.,, 1956 et
<br />seq-
<br />CJ-S-1 MuniciPal, Corporations §§ 1833.1978.
<br />Notes of Decislons,
<br />ConstructIon and a,piplicatio,n I
<br />Investments 2
<br />1. CoustmictIon, and apphication
<br />Prior to meadment, of this uxtion by, Laws
<br />1
<br />1953. , c. 7315,, it was necessairy for the council to
<br />,adopt an, appropriation ordmi-ance for, purposes
<br />specified in the budget. but this, requirement
<br />was eliminated b� the 1953 amendment and, it,
<br />Y
<br />is not necessary, for the council 'to, now adopt
<br />an appropriation ordinance. Op.Atty.Gen.
<br />19-54, 14o. 791, p. 157.
<br />2. Investmenu
<br />V'illage or village water, Ught, po%yer and
<br />building conunission could not invest in critf.
<br />icates issued by nonprofit private organizations
<br />to rl
<br />anise funds to build lighted athletic field on
<br />public high school gmunds. OpAtty.GerL.
<br />624-A-61, May 9, 1950.
<br />Historical Nolte
<br />The 1953 a,mienda,tory, act, addled the word
<br />"'re wherever it appears in this sec
<br />ton.
<br />4112*731 1 a, ModIfication of budget
<br />After the, budget resolution has belen adiopted, the council shall have no
<br />poweir, to increase the amilounts fixed in the budget resolution,, by the insertioa
<br />I 1 0
<br />,o f neiw "tems or othervAse, beyond, the estimated revenues unless the actual
<br />recielpts exceed the est"
<br />imates and 'then not beyond the actual receipts. The
<br />2501
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