City of Yonkers, NY
Westchester County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the City Council of the City of Yonkers 7-3-1973 by G.O. No. 7-1973. Amendments noted where applicable.]
The City Comptroller shall impose the following service charges for receiving, handling and disbursing the following funds and coupons substituted by contractors in lieu of a retained cash percentage:
Coupon bonds: Five percent of the matured coupon amount shall be paid to the Comptroller as a condition precedent to releasing the matured coupons to the owner.
Other interest-bearing securities without coupons: 5% of the interest payable on such security during the period held by the Comptroller as a condition precedent to the release of such securities.
Non-interest-bearing securities: No fee shall be charged.