All moneys belonging to or in the custody of the city, and which
have been collected by or paid to the director of finance or which
are under the control of such director, shall be deposited by him
in such state or national banks in the state as he shall select, according
to the terms of Government Code, Section 53630 et seq.
(Code 1957, § 1611; Ord. No. 84-8, § 2, 1-11-84; Ord. No. 90-32, § 2, 6-13-90)
No check, draft or order for the payment of money drawn by the
director of finance upon any bank selected by him for the deposit
of city moneys shall be honored or the money paid by such bank, unless
the check, draft or order shall be countersigned or approved in writing
by any one of the following persons:
(1)
Mayor;
(2)
Mayor
pro tem;
(3)
City
manager;
(4)
Such
other person as may hereafter be designated by ordinance or resolution
of the council.
(Code 1957, § 1612; Ord. No. 1436, § 1, 5-26-71; Ord. No. 84-8, § 2, 1-11-84; Ord. No. 90-32, § 2, 6-13-90)
Whenever necessary or proper for the safekeeping of any bonds,
checks, notes, drafts, certificates of stock or other securities belonging
to or in the custody of the city, and which are under the control
of the director of finance, such director shall rent one or more safe
deposit boxes in such banks as he has selected for the deposit of
city moneys, in which he shall deposit all such bonds, checks, notes,
drafts, certificates of stock or other securities or assets.
(Code 1957, § 1613; Ord. No. 84-8, § 2, 1-11-84; Ord. No. 90-32, § 2, 6-13-90)
Promptly after the date when there is a change in the holder
of a public office, which officer is a party to the notice and agreement
required by this article, a new notice and agreement with new signatures
shall be given and made to and with the bank involved.
(Code 1957, § 1616)
The duration, terms and conditions of the agreement required
by section 10-65 shall be provided by the council.
(Code 1957, § 1617)
Nothing in this article shall prevent the council, in its discretion,
from authorizing by resolution, for convenience, the deposit, withdrawal
or payment by check, draft or order for payment of money, of reasonable
sums to be fixed by the council, into or from a bank the director
of finance has selected for the deposit of city moneys, by means of
one only director's current account therein, without complying with
the terms of this article.
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Cross reference—Bond, § 2-3.
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(Code 1957, § 1618; Ord. No. 75-3, § 2, 2-5-75; Ord. No. 84-8, § 2, 1-11-84; Ord. No. 90-32, § 2, 6-13-90)
