The Depository Financial Institution so designated shall enter into an agreement with the city, acting through its Mayor, for:
(A) The collection and deposit credit for the city of all checks and other bills of exchange received by the city and payable to its order or bearer.
(B) The handling of the city's fiscal depository checking account.
(C) The handling of transfers of money.
(D) Providing for the investment of funds not required for immediate disbursement.
(E) Arranging for the safekeeping of bonds or other securities belonging to, or held by, the city or any official thereof acting in his or her official capacity.
(F) Other related commercial banking services beneficial to the city which are requested in the bid specifications.
('74 Code, § 4-5-3) (Ord. 73-1975; Am. Ord. 44-1986; Am. Ord. 7-2001; Am. Ord. 2020-001)