The City Council shall from time to time designate a banking institution with a branch located in the City of Galena as the depository and provider of related banking services for the funds of the city. The City Council shall competitively bid said depository and banking services every five years and select the most qualified institution to provide said services.
('69 Code, § 26-1) (Ord. O-82-4, passed 3-22-82; Am. Ord. O-89-31, passed 11-13-89; Am. Ord. O-93-28, passed 4-26-93; Am. Ord. O-93-53, passed 10-25-93; Am. Ord. O-98-11, passed 4-13-98; Am. Ord. O-06-16, passed 6-12-06; Am. Ord. O-10-15, passed 6-14-10)