Each contract with an eligible depository authorized by Section 178.08 shall contain a requirement that the eligible depository provide written notice to the Mayor and the Director of Finance one hundred and twenty (120) days prior to the closing of any branch of such eligible depository located within the City. The notice shall identify the location of the branch, the date on which it is anticipated that the branch will close and the reason for closing the branch.
(Ord. No. 2353-93. Passed 2-14-94, eff. 2-23-94)