The code of the city of Charlottesville, Virginia containing the Charter as amended and re-enacted as a whole (approved March 14, 1908), the constitutional and legislative provisions of the state relating to cities, and the general ordinances of the city enacted as a whole August 6th, 1909, in effect September 1st, 1909 |
CHAPTER VIII. The code of the city of Charlottesville, Virginia | ||
Sec. 85. Same—city funds—certificates of deposit.
When moneys on hand belonging to the city in the opinion of
the Treasurer justify his doing so, he may take out interest
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approved by the Council, payable to the order of the city, and
whenever the use of the money, or any part thereof, for which
the certificates have been taken out, is required by the city, the
Treasurer is authorized and empowered to endorse said certificates,
or any one or more thereof, and to place the proceeds
thereof to the credit of the city in the same banks which issued
the certificate of deposit.
CHAPTER VIII. The code of the city of Charlottesville, Virginia | ||