All of the funds enumerated in this Chapter shall be kept by the City Treasurer, and any and all payments made therefrom shall be made upon the order of the Mayor and Common Council or the City Treasurer when so authorized. Said funds shall be kept on deposit in accordance with the laws pertaining to the depositing of other City public funds, and the Mayor and Common Council or the City Treasurer may invest and reinvest said funds or such portion as they shall deem advisable in such investments as are approved under the laws pertaining to the investment of sinking or surplus funds of the City, including but not limited to investments in United States savings bonds.
(Ord. 2508, 7-02-63; Ord. 858, 4-11-1922)