All taxes collected or received by the County Assessor, Tax Collector or Auditor of the County of Orange for and on behalf of the City of Anaheim shall be deposited with the County Treasurer of the County of Orange to the credit of said City of Anaheim and shall be remitted to the City Treasurer of the City of Anaheim in such amount and as often as can reasonably be done, and upon receipt thereof by the City Treasurer of the City of Anaheim, the same shall be deposited and disbursed in accordance with law and the ordinances and resolutions of the City of Anaheim. (Ord. 768 § 3; December 12, 1950.)