§ 8.09. Depository.

Latest version.

The council shall from time to time select a depository or depositories for city funds on the basis of bids received from such institutions; provided that the council may by resolution invest reserve funds in any state or federally chartered bank or savings institution. All monies received by any person, department or agency of the city for or in connection with affairs of the city shall be promptly deposited in the city depository or depositories. All checks, vouchers, or warrants for the withdrawal of money from the city depositories shall require two authorized signatures. Of the two signatures, one must be either the City Manager or Director of Finance. The council may authorize the use of machine imprinted facsimile signatures of such persons on such checks, vouchers and warrants.

( Ord. No. 889 , § 3(Prop. 8), 2-2-2016)

Editor's note

Amended by the voters at an election held on May 7, 2016 .

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');