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The members of the City Commission shall constitute the trustees of the sinking funds of the city, and as such shall be the trustee of any bonds as may be issued from time to time for legal authorized municipal purposes, and shall manage and control the sinking funds created for the liquidation of the bonds, subject to the provisions of the general laws of the state and the ordinances of the city, with relation to the management of the funds.
(Special Acts, Ch. 57-1754, § 242) ('58 Code, § 2.07.17)
Section 30.06 is composed of provisions previously set out as section 242 of the Charter. The transfer of this section was at the specific request of the city, pursuant to the Municipal Home Rule Powers Act.