(A) The treasurer shall deposit the city funds in the depositories as may be selected from time to time, as is provided by law, and he shall keep the city money separate and distinct from his own, and shall not intermingle his own money with it, or make private or personal use of the city funds.
(B) The treasurer shall not transfer or withdraw or invest any sum without the approval of the mayor and city council. Whenever the treasurer shall come into possession of sums, he shall, after depositing the same, report the fact and amount of the deposit, and the name of the depository at the next regular or special meeting of the city council, and the mayor and city council shall either approve the deposit or shall direct the treasurer as to the further disposition of the deposit.
(Ord. O-47-73, passed 11-6-73; amend. Ord. 0-6-81, passed 3-17-81)