With respect to demand deposits of Village moneys
in any bank, trust company or other depository, the Village Treasurer
may, at his discretion, require such depository to furnish security
for such demand deposits. Such security shall consist of the bonds,
certificates or notes of the United States of America or any obligation
fully guaranteed or insured as to interest and principal by the United
States of America acting through an agency, subdivision, department
or division thereof, the State of New York or of the Village the funds
of which are deposited with such depository. Such bonds, certificates
or notes shall be subject to the approval of the Village Treasurer
and shall be deposited in such place and held under such conditions
as the Village Treasurer may determine. In lieu of such deposit of
such bonds, certificates or notes, the Treasurer may, in his discretion,
accept a bond with sufficient surety for the security of such deposit
of funds.
[Added 5-9-2011 by L.L. No. 2-2011]
New York State Village Law § 4-412 provides that a
Village Board of Trustees may take all measures and perform all acts
deemed expedient or desirable for the good government of the Village,
its management and business and the benefit of trade. In furtherance
of such legislative purpose, the Board of Trustees hereby establishes
a publicity fund. The amount of such fund shall be set by the Board
of Trustees from time to time.
[Added 1-13-2020 by L.L.
No. 2-2020]
Notwithstanding any other provision of the Code of the Village
of Sea Cliff with respect to purchase contracts (including contracts
for purchase of service work), and pursuant to the provisions of General
Municipal Law § 103(1), the Village of Sea Cliff may award
such purchase contracts to a responsive and responsible bidder or
offeror on the basis of best value.