§ 3-11. Designation of depositories.

Latest version.

The city commission shall, by resolution, designate from time to time banks to be the depositories of the funds related to the daily operations of said city. Such banks must be state-approved depositories. Investments of surplus funds shall be placed by the city clerk in a manner consistent with state law or ordinance.

(Ord. No. 411, § 4, 10-13-03, approved at referendum 12-2-03)

                    
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