(A) Every leap year, as soon as may be practicable following the election and qualification of a new City Council, Council shall, by ordinance or resolution, designate the place or places of deposit for all city funds, which shall be kept by the City Treasurer separate and apart from his or her personal funds.
(B) Nothing in this section shall be construed so as to prevent the designation of such a depository at any other time, or to prevent any change being made, by ordinance or resolution of Council.
(Prior Code, § 135.02)