§ 36.17 BIDS.

   During the two-month period prior to the commencement of the appointment of a city depository, the City Commission shall take sealed bids from those banking corporations or others qualified, having their principal place of business in the city and desiring to be selected as city depository. Notice of the time, date and place of the opening of bids shall be published one time in the official newspaper of the city not less than one and not more than four weeks in advance of the opening.

(1998 Code, § 2-163)

§ 36.18 SECURITY.

   The successful firm selected as the city depository shall be required to pledge securities with the City Commission for the purpose of securing city funds in an amount equal to the amount of the city funds on deposit with it. Securities of the following kind shall be acceptable: United States bonds, certificates of indebtedness of the United States, treasury notes of the United States and other evidence of indebtedness of the United States which are guaranteed as to both principal and interest by the United States government, bonds of the state or of any county, independent school district, common school district or other school districts in the state, notes or bonds issued by mortgagees insured and debentures issued by the Federal Housing Administrator of the United States government, and bonds issued by municipal corporations of the state. Securities so pledged shall be approved as to kind and value by the City Commission. When the securities so pledged shall be in excess of the amount required under the provisions of this section, the City Commission shall permit the release of such excess. The right of substitution of securities shall be granted to the depository; providing, the securities substituted meet the requirements of this subchapter and are approved by the City Commission.

(1998 Code, § 2-164)

PAYMENT OF FEES AND OTHER COSTS BY CREDIT CARD OR ELECTRONIC MEANS

§ 36.30 DEFINITIONS.

   For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.

   CREDIT CARD. A card, plate or similar device used to make purchases on credit or to borrow money.

   PAYMENT BY ELECTRONIC MEANS. Payment by telephone or computer, but does not include payment in person or by mail.

(1998 Code, § 2-185) (Ord. 99-38, passed 7-21-1999)

§ 36.31 PAYMENT OF FEES OR COSTS BY CREDIT CARD OR ELECTRONIC MEANS.

   (A)   The Director of Finance is authorized to collect fees, fines, court costs or other charges by:

      (1)   Accepting payment by credit card or electronic means of a fee, fine, court cost or other charge; and

      (2)   Collecting a fee for processing the payment by credit card or electronic means.

   (B)   The Director of Finance may contract with a company that issues credit cards for processing the payment of a fee, fine, court cost or other charge by credit card or electronic means.

(1998 Code, § 2-186) (Ord. 99-38, passed 7-21-1999)

§ 36.32 PROCESSING OR HANDLING FEE.

   The Director of Finance shall set a processing fee in an amount that is reasonably related to the expense incurred in processing the payment by credit card. The processing fee shall not exceed 5% of the amount of the fee, court cost or other charge being paid.

(1998 Code, § 2-187) (Ord. 99-38, passed 7-21-1999)

§ 36.33 SERVICE CHARGE.

   If, for any reason, a payment by credit card is not honored by the credit card company on which the funds are drawn, the Director of Finance may collect a service charge from the person who owes the fee, fine, court cost or other charge. The service charge is in addition to the original fee, fine, court cost or other charge and is for the collection of the original amount. The amount of the service charge shall be $25.

(1998 Code, § 2-188) (Ord. 99-38, passed 7-21-1999)