§ 2-5. Depositories of city monies to post bond.

Latest version.

The city treasurer shall require any depository of city monies to post bond to the maximum amount of any monies on deposit, less that secured by the Federal Deposit Insurance Corporation. The approval of such bonds shall be vested in the council.

(Code 1971, § 8-4; Ord. No. 06-1700-809, § 1b., 7-18-06)

Note— See the editor's note following § 2-1.

                    
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