Securities purchased or held under the provisions of this article shall be in the possession of the Mayor or his designated representative who may deposit with a financial institution or trust company such securities as he shall consider advisable to be held in safekeeping by such agent.
('74 Code, § 4-5-10) (Ord. 73-1975; Am. Ord. 44-1986; Am. Ord. 29-1992; Am. Ord. 7-2001; Am. Ord. 2020-001)