A. Depositories Designated: All banks and financial institutions as are designated by the city council shall be designated as depositories for the funds of the city. (1997 Code § 7-103)
B. Treasurer And Clerk Duties: The city treasurer shall deposit daily all public funds received by him in these depositories. Funds may be transferred from one depository to another upon direction of the clerk. (1997 Code § 7-103; amd. 2014 Code)
C. Securing Deposits: The deposits of the city shall be secured as provided for in the security for local public deposits act 1 . (1992 Code § 7-104; amd. 2014 Code)
Notes
| 1 | 1. 62 OS § 517.1 et seq. |