TITLE 2
FINANCE AND TAXATION
CHAPTER 1
GENERAL FINANCE AND PURCHASING PROCEDURES
SECTION:
2-1-1: Contractual Services Defined
2-1-2: Depositories Designated
2-1-3: Funds Secured By Unit Collateral System
2-1-4: Purchases Authorized
2-1-5: Purchasing Procedure
2-1-6: Competitive Bidding
2-1-7: Sales Of Surplus Or Obsolete Supplies Or Equipment
2-1-8: Rural Fire Protection Revenue And Expense Fund
2-1-9: Investment Of City Monies In Custody Of Treasurer
2-1-1: CONTRACTUAL SERVICES DEFINED:
"Contractual services", for the purpose of this chapter, shall mean services performed for the City by persons not in the employment of the City, and may include the use of equipment or the furnishing of commodities in connection with the services under express or implied contract. "Contractual services" shall include travel; freight; express; parcel post; postage; telephone; telegraph; utilities; rents; printing out; binding; repairs, alterations and maintenance of buildings, equipment, streets and bridges, and other physical facilities of the City; and other services performed for the City by persons not in the employment of the City. (1985 Code § 7-103)
2-1-2: DEPOSITORIES DESIGNATED:
Funds of the City shall be deposited as required by law. The City Treasurer shall deposit daily all public funds received by him into designated banks: Okemah National Bank and Citizens State Bank, which are designated depositories of the City. (1985 Code § 7-101)
2-1-3: FUNDS SECURED BY UNIT COLLATERAL SYSTEM:
All public deposits made by the Treasurer shall be made in compliance with and shall be secured as provided in the Security for Local Public Deposits Act, as codified and amended in 62 Oklahoma Statutes section 517.1 et seq. (1985 Code § 7-102; amd. 2007 Code)
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