[CC 1997 §11.1; Ord. No. 1094-75, 1-2-1975]
The City Manager, with the approval of the City Council, shall
designate banks insured by the Federal Deposit Insurance Corporation
or savings and loan institutions insured by the Federal Savings and
Loan Insurance Corporation as depository or depositories for the funds
of the City of Hazelwood. Any funds deposited in excess of the insured
amounts shall be secured by collateral approved by the City Council.
[CC 1997 §11.2; Ord. No. 349, 7-8-1959]
Funds deposited shall be secured by the depository pursuant
to provisions of Sections 110.010 and 110.020, RSMo. The City Manager
is hereby authorized and directed for and in behalf of the City, to
enter into and execute a depository contract, in form satisfactory.
[CC 1997 §11.3; Ord. No. 131, 9-27-1954]
A.
Every
person authorized to sign checks or drafts upon public funds of the
City shall furnish a sufficient bond to the City in an amount and
upon conditions approved by the City Council to insure the faithful
discharge of the duty of such person in connection with the disbursement
of such funds as an officer or representative of the City.
B.
No person
whose duty or authority requires or authorizes the disbursement of
funds shall be required to furnish more than one (1) bond for the
faithful performance of the duties of his office unless expressly
ordered by the City Council.
[CC 1997 §11.4; Ord. No. 349, 7-8-1959]
The City Manager and his designated agent are hereby each individually
authorized to endorse checks for deposit or collection.
[CC 1997 §11.5; Ord. No. 2131-89, 1-4-1989]
Withdrawals may be made by and on behalf of the City and checks
executed and signed jointly by any two (2) of the following officers:
The City Manager and his designated agents, including the Director
of Finance.
