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The Board may require the Utilities Board’s Finance Director as the treasurer of the Board to take bond from such depository as he or she may select for the funds of said utility systems under the Board’s control, to secure the city, the Board and the holders of any bonds which may from time to time be outstanding with respect to said systems, against any loss, defalcation or misapplication of said funds.
(‘79 Code, § 19-25) (Ord. A-106, passed 11-29-54; Am. Ord. 03-27, passed 6-17-03; Am. Ord. 16-19, passed 8-9-16; Am. Ord. 21-21, passed 8-24-21; Am. Ord. 23-31, passed 9-26-23)
The Board shall observe and follow all enactments and commitments made by the governing body of the city and shall observe and carry out all existing commitments and orders of the Board of Public Works, and such existing and valid regulations of the Board of Public Works until such time as the same may be amended, modified or repealed by the Board.
('79 Code, § 19-26) (Ord. A-106, passed 11-29-54)
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