§ 8.08. Depository.

Latest version.

Council shall designate the depository or depositories for City funds in accordance with law, and shall provide for the regular deposit of all City moneys by the Treasurer, under the direction of the City Council pursuant to a written investment policy approved by Council.

State law reference

Designation of depositories, MCL 129.12; deposit of public moneys, MCL 211.43b.

                    
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