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The Collector-Treasurer shall pay over to the Board of Commissioners of Sinking Funds all money received by him or her from assessments laid or to be laid on account of betterments from public improvements the expenses of which were paid for by the proceeds of loans, and all sums received from the sale or lease of city property purchased out of the proceeds of loans, except where provision to the contrary is made by statute or ordinance, to be by them credited to the Sinking Funds established for such loans, or in case of serial loans to be held by them toward paying the installments as they fall due. The Collector-Treasurer shall also pay all drafts, checks and other orders directed to him or her by the City Auditor, in accordance with these Sections, for the payment of bills and demands against the city; shall on presentation pay every execution against the city, when approved by the Corporation Counsel, even if the appropriation to which the execution is chargeable is not sufficient to meet it; shall pay on presentation when due all bonds issued by the city and the interest on the same; shall cancel all bonds and coupons and daily deliver to the City Auditor the bonds and executions paid during the day; shall at the close of business on the last day of each month deliver to the City Auditor the coupons paid during such month and statement of the total amount paid for interest during such month and shall use and apply as the Boston City Council may direct all property, money and securities in his or her care and custody at the close of each financial year for the application of which no other provision has been made.
(Rev. Ord. 1961 c. 25 § 7; CBC 1975 Ord. T6 § 156; CBC 1985 6-3.8)
Cross-reference:
Ord. ss 6-1.3; Ord. ss 8-7.1
The Collector-Treasurer shall, on or before the tenth of each month, render to the Mayor a statement of the receipts and payments of the Treasury Department for the preceding month and a summary of the like items for the current financial year up to the close of the preceding month.
(Rev. Ord. 1961 s. 25 § 8; CBC 1975 Ord. T6 § 157; CBC 1985 6-3.9)
The Collector-Treasurer may make payments to school teachers, school building custodians, Police Officers, witnesses, jurors and persons employed in and about the various Departments and institutions of the city and of the county, in such of the public buildings in the different Sections of the city, or upon such public works, as he or she may designate, and as will best facilitate such payments and prevent the loss of time by the persons receiving them.
(Rev. Ord. 1961 c. 25 § 9; CBC 1975 Ord. T6 § 158; CBC 1985 6-3.10)
(A) The Collector-Treasurer, unless the donors have otherwise directed, shall receive all properties given, devised or bequeathed to, or deposited with, the city for any specific purpose, and shall use the same, or the income thereof, as designated in the gift, devise, bequest or deposit. If the income only is to be used, he or she shall hold the properties as permanent funds. He or she shall invest and keep invested the said permanent funds in conformity with M.G.L. Chapter 44, Section 54 notwithstanding the last sentence thereof. For the purpose of investment and reinvestment he or she shall have power, from time to time, in his or her discretion to sell or exchange any of the securities of which any of the said permanent funds consist; but all purchases, exchanges and sales shall be with the written approval of the Mayor.
(B) To facilitate the investment management of trust funds for which the Collector-Treasurer is custodian, the Collector-Treasurer may cause any security which is an asset of a trust fund for which the Collector-Treasurer is custodian, unless otherwise provided by the specific terms of an individual trust instrument, to be registered and held in the name of a partnership or a corporate nominee named by him or her. The Collector-Treasurer may do or cause to be done all acts necessary to the creation of such nominee registrations.
(Rev. Ord. 1961 c. 25 § 10; Ord. 1972 c. 3; CBC 1975 Ord. T6 § 159; Ord. 1976 c. 16; CBC 1985 6-3.11)
Cross-reference:
M.G.L. Chapter 44, Sections 53A, 54; St. 3 § 1
The Collector-Treasurer shall use the income of the Police Charitable Fund for the relief of persons in necessitous circumstances who shall be found by the Police Commissioner to have been honorably discharged from the Police Force by reason of sickness, age or other disability, or to be the widows or orphans of Police Officers who have died while in the service of the city; and may monthly pay to such persons the amount of such income determined and allowed by the Police Commissioner, with the approval of the Mayor, on a monthly payroll sent to the City Auditor.
(Rev. Ord. 1961 c. 25 § 11; CBC 1975 Ord. T6 § 160; CBC 1985 6-3.12)
Cross-reference:
Ord. ss 6-1.3
The provisions contained in this Section are adopted pursuant to M.G.L. Chapter 60, Section 62A, which allows municipalities by ordinance to authorize payment agreements between the Treasurer and persons entitled to redeem parcels in tax title.
(CBC 1985 6-3.13(a); Ord. 2018 c. 10 § 1)
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