Title 3 - Revenue and Finance

3.28.030 Custody and Safekeeping.

Securities purchased pursuant to this chapter shall be under the joint care of the Chief Financial Officer and any persons designated by the Chief Financial Officer or Governing Body, and shall be held in the custody of a state or national bank or trust company, or shall be kept with a safekeeping agent of the City in a bank or trust company. Securities shall be held in accordance with policies issued by the City Manager and as required by law.

(History: Ord. No. IIM-3307 §2, 2020; Ord. IIM-1770 §3, 92; IIM-115 §3, 61)

Effective on: 1/1/1901