§ 13.9. Depository.

Latest version.

The Council shall designate the depository or depositories for city funds, and shall provide for the regular deposit of all city moneys. The Council shall provide for such security for city deposits as is authorized or permitted by the general laws of the state or required by the Council, except that personal surety bonds shall not be deemed proper security.

State law reference

Depositories of public funds, MCL 129.11 et seq., 211.43b, MSA 3.751 et seq., 7.86.

                    
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