The Collector-Treasurer shall receive, receipt for, and have the care, and custody of, the current funds of the City from the time the same shall come into his possession, and also of all money, property, and securities which may come into his possession by virtue of any statute or ordinance, or as a gift, devise, bequest, or deposit; may deposit any portion of such current funds in such savings banks or trust companies organized under the laws of Massachusetts and doing business in Boston or such national banks doing business in Boston or such national bank or trust company in the City of New York, and on such conditions and rates of interest, as he shall deem best, subject to the approval of the Mayor, provided, however, that no such deposit shall be made except in conformity with law; shall, with the Mayor and the City Auditor, sign all bonds and certificates of indebtedness issued by the City; shall preserve all bids for loans, and papers relating thereto; and shall, if elected, serve as Treasurer of the Board of Commissioners of Sinking Funds. If the Collector-Treasurer is elected Treasurer of said Board, his bond as Collector-Treasurer shall apply to and include his duties as Treasurer of said Board. The Collector-Treasurer shall not be eligible for appointment to said Board.
(Rev. Ord. 1961 c. 25 s. 6; CBC 1975 Ord. T6 § 155; Ord. 1990 c. 3)