There is hereby created and established a cumulative reserve fund pursuant to the provisions of RCW 35.21.070 and 35.21.080 to be designated the "BLANCHE BRADLEY MEMORIAL CIVIC CENTER CUMULATIVE RESERVE FUND" from which the proceeds of the sale of the Bradley House are to be deposited after deduction therefrom of all costs of sale and that portion thereof to go to the Blanche Bradley Memorial Scholarship Fund of Wahkiakum School District No. 200, said funds to be invested and the principal and interest to be used solely for the purpose of enlargement of the Town Hall to adequately provide for the Cathlamet Public Library and to provide increased space for the fire department of the town of Cathlamet. (Ord. 333 § 3, 1987)