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The code of the city of Charlottesville, Virginia :

the charter as amended and the general ordinances of the city enacted as a whole June 6th, 1932, in effect July 15th, 1932
  
  

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Sec. 99. Treasurer—interest bearing deposits—certificates
of deposit.

When directed so to do by the Chairman of the Finance Committee,
the Treasurer shall place funds of the City on certificates
of deposit or interest bearing deposit in any of the Banks of the
City approved by the Council until such time as said funds are
necessary to meet the City's obligations.