Funds of the City shall be deposited as required by law. The City Treasurer shall deposit daily funds received by the City and its various boards, trusts, and agencies in depositories as the Council may from time to time designate and direct.
(Code 1991, § 7-101)
State Law reference- Deposits by treasurers, designation of depositories, 11 O.S. § 10-118, 62 O.S. §§ 511, 513, 516.5.