[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:
A.Â
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.
B.Â
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.
C.Â
Non-interest-bearing securities: No fee shall be charged.
