(a) The provisions of the Uniform Depository Act shall not be applicable to the City except to the extent such provisions are expressly incorporated into this chapter.
(b) Any ordinance authorizing the issuance of general obligations bonds, special obligation bonds, including revenue bonds and mortgage revenue bonds, or notes in anticipation of such bonds which are issued by the City, which specifically provides for the deposit and investment of the proceeds thereof or monies derived from or securing such bonds or notes, shall preempt the provisions of this chapter except to the extent specifically provided to the contrary in such ordinance; provided, however, that any trustee or depository selected from and after the effective date of this ordinance to hold such proceeds or monies must be an eligible depository.
(Ord. No. 2353-93. Passed 2-14-94, eff. 2-23-94)