721-1. Establishment.
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There is hereby established a fund to be known as the Accumulative Capital Outlay Fund as authorized by § 29087 and Article 4 (commencing with § 53730), of Chapter 4, of Part 1, of Division 2, of Title 4 of the Government Code of the State of California. (Ord. 483, § 1, 7/14/1964)