§ 2-121. General duties.

The city treasurer shall, collect and receive all moneys due the city for taxes, whether current or delinquent, assessments and fees or charges of every kind. He shall enforce the provisions of the ordinances of the city with regard to licenses and license taxes and shall check any or all of the records of the commissioner of the revenue and examine and audit the books of all persons whom he has reasonable cause to believe to be liable to pay a license tax. He shall have custody of all funds belonging to the city and the school board and deposit all funds coming into his hands to the account of the city or the school board, as the case may be, in such banks or shares or certificates of deposit in any building or savings and loan association lawfully authorized to do business in this state whose accounts are insured by the federal savings and loan insurance corporation; provided, however, the investment in such shares or certificates of deposit in any one such association shall not exceed such amount as shall be fully insured by the federal savings and loan insurance corporation and provided that such banks or associations be designated for the purpose by the council and the school board, respectively, subject to the laws of the commonwealth applicable to the city and the school board relative to the deposit of public funds. He shall perform such other duties, including the validating of school board warrants or checks, have such powers and be liable to such penalties as are now or may hereafter be prescribed by law or ordinance. He shall have custody of all investments and invested funds of the city or in its possession in a fiduciary capacity, unless otherwise provided by the Charter or by law, ordinance or the terms of any trust, and shall be responsible for the safekeeping of all bonds and notes of the city and the receipt and delivery of city bonds and notes for transfer, registration and exchange.