[R.O. 1992 § 120.010; CC § 150.010; Ord. No. 4, 8-16-1954; Ord. No. 718 § I, 5-27-2010]
No money shall be paid out of the Treasury except on a warrant
signed by either the Mayor, President of the Board, City Clerk, Treasurer,
or City Administrator and attested by either the President of the
Board of Aldermen, City Clerk, Treasurer, or City Administrator. No
warrant shall be drawn upon the Treasury, nor shall any ordinance
appropriating money be passed, unless there is an unexpended balance
to the credit of the City in the fund in the Treasury upon which such
warrant is drawn, to meet such warrant, or a sufficient sum of unappropriated
money in the fund in the Treasury upon which such ordinance is drawn,
to meet such warrant.
[R.O. 1992 § 120.020; CC § 150.020; Ord. No. 9]
In the event the financial statement is not published the City
Treasurer shall not pay out any money of the City on any warrant or
order after the end of the month in which such financial statement
is required to be published until such time as said financial statement
is published. Any Treasurer violating the provisions of this Section
shall be deemed guilty of an ordinance violation and punished according
to law.
[R.O. 1992 § 120.030; CC § 150.030; Ord. No. 4, 8-16-1954]
The Board of Aldermen, at their first regular meeting in the
months of January, April, July and October of every year, may select
a depository for the Funds of the City, for such length of time and
under such rules and regulation as may be provided and prescribed
by ordinance therefor; provided, always, that such depository shall
be a banking corporation or an individual banker or a trust company
doing business within the City; and provided further, however, that
if such depository cannot be selected, or such satisfactory arrangements
made, the Board of Aldermen is hereby empowered and authorized to
loan such monies and upon the same terms and under the same conditions
as are provided by law for the loaning of County and school monies.