(a) The Finance Director shall be charged with the collection of all interest and principal when due in the same manner as other receipts are collected. This interest shall be credited to such fund or funds as may be authorized by ordinance of Council.
(b) The Finance Director shall be charged with the responsibility of the care and custody of all securities in the Treasury Investment Account and shall place them in the custody of any member of the Federal Reserve Banking System or keep them in a safety deposit box or vault belonging to a regular depository. If these securities are kept in a safety deposit box or vault the Finance Director can open such only in the presence of a member of the Treasury Investment Board. (Ord. 1976-189. Passed 11-3-76.)