The City Council shall designate such collectors and methods as are necessary to properly collect all coins deposited in the meter boxes. Such collectors shall be only such employees as are duly bonded in a sum not less than $1,000 for the faithful performance of their duties. All money so collected shall be deposited with the Collector of the city; provided, however, that a separate fund or accounting shall be maintained at all times of such money so deposited. All penalty fees of $2 collected by the Police Department shall be deposited with the Collector and credited to the parking meter fund.
(1989 Code, § 9-133)