(a) All securities belonging to the Treasury in any City or to any fund thereof, other than the Sinking Fund, shall be in the custody of the Director of Finance and shall be kept by him in a safe deposit box or vault belonging to a regular City depository. The safe deposit box or vault shall be opened only in the presence of one or more of the three officers named in Section 133.02 and only upon the warrant or order of the Director directing a deposit or renewal of a security purchased or sold, or the clipping of interest coupons for collection. A report of whatever is placed in or removed from the safe deposit box or vault upon any occasion shall be signed by the Director and by the witnesses required by this section and shall be returned to the Director upon the same day.
(b) Whenever any securities are so held for the City, the officers having power to make the investments shall be bonded in the amounts as may be provided by Council in addition to the ordinary official bonds of the officers, conditioned upon the faithful performance of their duties.
(1984 Code Sec. 37.07)