The township board of any township located in a county having a population of not less than fourteen thousand (14,000) and not more than sixteen thousand five hundred (16,500), with an assessed taxable tangible valuation of not less than thirty-three million dollars ($33,000,000) and not more than thirty-seven million dollars ($37,000,000), may contribute annually not to exceed the sum of two hundred fifty dollars ($250) to an incorporated volunteer fire fighting organization which will provide fire fighting service in such township. Any such township board may enter into a contract for such fire fighting organization for the furnishing of fire fighting services in such township. The annual contribution herein authorized shall be paid from the general fund of the township. Expenditures authorized by this section may be made during the calendar year 1959, even though such expenditures were not included in the budget covering such period.