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Sparta, IL Code of Ordinances
SPARTA, ILLINOIS CODE OF ORDINANCES
ADOPTING ORDINANCE
TITLE I: GENERAL PROVISIONS
TITLE III: ADMINISTRATION
TITLE V: PUBLIC WORKS
TITLE VII: TRAFFIC CODE
TITLE IX: GENERAL REGULATIONS
TITLE XI: BUSINESS REGULATIONS
TITLE XIII: GENERAL OFFENSES
TITLE XV: LAND USAGE
PARALLEL REFERENCES
§ 40.11 SAFEKEEPING AND CUSTODY.
   (A)   All security transactions, including collateral for repurchase agreements, entered into by the city, shall be conducted on a delivery-versus-payment (DVP) basis.
   (B)   City officials, the Commissioner of Accounts and Finances and the City Treasurer, shall be bonded to protect the city against loss due to possible embezzlement and malfeasance.
(1994 Code, § 40.11) (Ord. 99-03, passed 3-22-1999; Ord. 2017-07, passed 12-26-2017)

Disclaimer: This Code of Ordinances and/or any other documents that appear on this site may not reflect the most current legislation adopted by the Municipality. American Legal Publishing provides these documents for informational purposes only. These documents should not be relied upon as the definitive authority for local legislation. Additionally, the formatting and pagination of the posted documents varies from the formatting and pagination of the official copy. The official printed copy of a Code of Ordinances should be consulted prior to any action being taken. For further information regarding the official version of any of this Code of Ordinances or other documents posted on this site, please contact the Municipality directly or contact American Legal Publishing toll-free at 800-445-5588.

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