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Pursuant to the delegation of authority in Section 3.04.010 of this chapter, the city treasurer is authorized to purchase, at their original sale or after they have been issued, securities which are permissible investments under any provision of state law relating to the investing of general city funds, including but not limited to Sections 53601 and 53635 of the Government Code, as the sections now read or may hereafter be amended, from moneys in his or her custody which are not required for the immediate necessities of the city and as he or she may deem wise and expedient, and to sell or exchange for other eligible securities and reinvest the proceeds of the securities so purchased. (Ord. 3 § 1 (part), 1991: prior code § 3.08.020)
From time to time the city treasurer shall sell the securities in which city moneys have been invested pursuant to this chapter, so that the proceeds may, as appropriate, be applied to the purchase for which the original purchase money may have been designated or placed in the city treasury.
(Ord. 3 § 1 (part), 1991: prior code § 3.08.030)
Bonds issued by the city and purchased pursuant to this chapter may be canceled either in satisfaction of sinking fund obligations or otherwise if proper and appropriate; provided, however, that the bonds may be held uncanceled and while so held may be resold.
(Ord. 3 § 1 (part), 1991: prior code § 3.08.040)
Pursuant to the delegation of authority in Section 3.04.010 of this chapter, the city treasurer is authorized to deposit for safekeeping, the securities in which city moneys have been invested pursuant to this chapter, in any institution or depository authorized by the terms of any state law, including but not limited to Section 53608 of the Government Code as it now reads or may hereafter be amended. In accordance with the section, the city treasurer shall take from such institution or depository a receipt for the securities so deposited and shall not be responsible for such securities delivered to and receipted for by such institution or depository until they are withdrawn therefrom by the city treasurer.
(Ord. 3 § 1 (part), 1991: prior code § 3.08.060)
Any departmental trust fund established by the city council pursuant to Section 36523 of the Government Code shall be administered by the city treasurer in accordance with Sections 36523 and 36524 of the Government Code and any other applicable provisions of law.
(Ord. 3 § 1 (part), 1991: prior code § 3.08.070)
The amount of any fee, assessment, service charge, utility charge, license, or tax of any nature whatsoever imposed by this code or by any other resolution, ordinance, rule, regulation or in any other fashion by the city shall be deemed a civil debt owing to the city. An action may be commenced in the name of the city in any court of competent jurisdiction for the collection of the amount of any such delinquent or unpaid fee, assessment, service charge, utility charge, license, or tax, together with any penalties applicable thereto as prescribed by this code or any other enactment. Such action may also be commenced for collection of any other amount or debt determined to be due the city on account of any contractual obligation or on account of any tortuous act or conduct by any person. The remedy prescribed by this section shall be cumulative, and the use of an action to collect such an amount as a debt by civil action shall not bar the use of any other remedy provided by this code or by law for the purpose of enforcing the provisions thereof.
(Ord. 3 § 1 (part), 1991: prior code § 3.10.010)
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