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Sec. 370. Contracts Required to be in Writing and Signed.
 
   Every contract involving consideration reasonably valued at more than an amount specified by ordinance shall, except in cases of urgent necessity for the preservation of life, health or property as provided in Section 371(e)(5), be made in writing, or other manner as provided by ordinance. The draft of the contract shall be approved by the board, officer or employee authorized to make the contract. Every contract must be approved by the City Attorney as to form, except for contracts or classes of contracts involving consideration reasonably valued at less than an amount set by ordinance.
 
   The contract shall be signed on behalf of the City by:
 
   (a)   the Mayor; or
 
   (b)   the board, officer or employee authorized to enter into the contract; or
 
   (c)   in the case of a contract authorized by Council, the person authorized by the Council.
 
   The City shall not be, and is not, bound by any contract unless it complies with the requirements of this section and all other applicable requirements of the Charter.