[R.O. 1992 § 120.010; CC § 150.010; Ord. No. 4, 8-16-1954; Ord. No. 718 § I, 5-27-2010]
No money shall be paid out of the Treasury except on a warrant signed by either the Mayor, President of the Board, City Clerk, Treasurer, or City Administrator and attested by either the President of the Board of Aldermen, City Clerk, Treasurer, or City Administrator. No warrant shall be drawn upon the Treasury, nor shall any ordinance appropriating money be passed, unless there is an unexpended balance to the credit of the City in the fund in the Treasury upon which such warrant is drawn, to meet such warrant, or a sufficient sum of unappropriated money in the fund in the Treasury upon which such ordinance is drawn, to meet such warrant.
[R.O. 1992 § 120.020; CC § 150.020; Ord. No. 9]
In the event the financial statement is not published the City Treasurer shall not pay out any money of the City on any warrant or order after the end of the month in which such financial statement is required to be published until such time as said financial statement is published. Any Treasurer violating the provisions of this Section shall be deemed guilty of an ordinance violation and punished according to law.
[R.O. 1992 § 120.030; CC § 150.030; Ord. No. 4, 8-16-1954]
The Board of Aldermen, at their first regular meeting in the months of January, April, July and October of every year, may select a depository for the Funds of the City, for such length of time and under such rules and regulation as may be provided and prescribed by ordinance therefor; provided, always, that such depository shall be a banking corporation or an individual banker or a trust company doing business within the City; and provided further, however, that if such depository cannot be selected, or such satisfactory arrangements made, the Board of Aldermen is hereby empowered and authorized to loan such monies and upon the same terms and under the same conditions as are provided by law for the loaning of County and school monies.