(A) The City Commission is the Board of Finance of the city and the members of the City Commission shall serve without compensation additional to the compensation authorized by law for their services as members of the City Commission.
(B) The City Clerk/Treasurer shall:
(1) Serve as Secretary to the Board of Finance;
(2) Keep a record of the proceedings of the Board of Finance, which shall be a public record;
(3) Convene a meeting of the Board of Finance whenever necessary or whenever requested to do so by any member of the Board of Finance;
(4) Supervise the depositing and safekeeping of all money belonging to the city; and
(5) With the advice and consent of the Board of Finance, designate banks qualified to receive on deposit money entrusted to his or her care.
(1981 Code, § 2-7)
Statutory reference:
Local government finances, see NMSA §§ 6-6-1 et seq.
Similar provisions, see NMSA § 3-37-1