The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1906-05-21

(t'irst Published in the Guthrie Leader
May 2l 1906)
ORDINANCE NO. 7s7
An Ordinance Providing for City Depos4-
tories. Regulating the Same. and De-
firing the Duties OF the city Treas
urer and City Clerk IN Relation Thereto.
BE It Ordained BY the Mayor ana Coun-'
cllmen OF the Cite Of Guthrie, o. r..
Section l. That the City Treasurer
shall deposit daily all the funds and mon-
eys OF whatsoever kind that shall come
into his possession by virtue Of his Office
as such City Treasurer In his name as
City Treasurer IN one or more respon-
sibie banks located in the City of Guth-
rie and designated by the city Council
as such repositories Provided, that
there shall not be deposited OF such
funds IN any one bank az any one time
a greater amount than the capital stock
OF such bank. Such bank or banks shall
receive an moneys, drafts or checks at
par and nay interest on the average
daily balance at such rate as may be
agreed upon between such banks aud the
city Council. ana shall credit the same
monthly TO the account Of the City
Treasurer Before directing or author
lAlAE tue 0tltSlA OF .hNN 0ncn ANnun
Aforesaid. the City Council shall take
from such bank or banks a bond IN a
sum ecual to the largest approximate
amount that may be deposited az any
one time. such bond may be that Of
some surety company empowered 20 do
business in the Territory OF oklahoma,
In a sum aggregating the largest sum
which may be deposited az any one
timo. The condition OF such bond shall
be that such deposit shall be promptly
paid upon the check or draft OF the city
Treasurer. ana the bon6smcn Of such
City Treasurer shall not be liable Tor
such deposit but In no case shall any
of the amount Of such bond be subscribed
BY the officers OF such bank. and such
bank or banks shall. on the first Monday
Of each month. file with the city Clerk
a statement OF the amount Of money on
hand at the close Of business each day
during the previous month, and the
amunt Of interest accrued thereon to
such date, and the said City Treasurer
shall place such interest t. the credit Of
the Fee aud Salary Fund.
Soc. ?. The city Treasudcr shall,
when making up his deposit for the
bank, maze duplicate ticket FOR such
deposit and file the same with the City
Clerk. and Il shall be the duty Of tho
City Clerk to charge the bank designated
as the depository Of public moneys with
an moneys deposited by the City Treas
urer and credit the city Treasurer with
such amount deposited.
Sec. 3. such bank or banks shall, at
the end Of each month, transmit TO the
city Clerk statement Of the amounts
received from the city Treasurer and the
amounts paid out by II and for what
purpose
Sec A. Tho checks or drafts OF the
City Treasurer upon the bank holding
the public money shall show upon their
face for what purpose they were drawn.
ana duplicate Of such check Or draft
shall be attached TO the warrant so paid.
Sec 9. The city Council shall, at its
regular meeting on the third Thursday
in June OF each year, receive sealed pro
posals FOR tho custody OF the city FUNDS
from any bank doing business within the
city of Guthrie that may desire 70 be
selected as the depository Of tie FUNDS