It shall be the duty of the Board of Aldermen, semi-annually
in January and July of each year, to cause to be made out and spread
upon its records a full and detailed account and statements of the
receipts and expenditures and indebtedness of the City for the half-year
ending December 31st and June 30th, preceding the date of such report,
which account and statement shall be published in the legal newspaper
and a local newspaper both of general circulation. No check shall
be drawn on the City Treasury after the end of the month in which
such financial statement should have been published, unless and until
such statements have been published as above provided.
No check shall be drawn upon the City Treasury, nor shall any
approval appropriating money be given, unless there is an unexpended
balance to the credit of the City in the fund in the treasury upon
which such check is drawn to meet the obligation.
All payments of money shall be referred to the City Treasurer,
or the person acting as Treasurer and having the custody of the City's
funds, for his endorsement to the effect that there is a sufficient
balance in the funds for such payments.
All checks drawn on any account of the City shall be drawn in
favor of the person, company, or corporation to whom the amount shall
be allowed, and of no other person, company, or corporation, and shall
be in the regular and customary form required by this chapter and
accepted in general business practices.