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Sec. 21. Reports of treasurer.

The council shall require the treasurer of the said corporation
to make out a quarterly report of the receipts and expenditures,
together with a balance sheet of said city for the preceding quarter,
which report shall state on what account the expenditures
were made, and from what source or sources the receipts were
derived, which report when approved by the council, or in such
manner as the council may direct, shall be published in one or
more newspapers of the city on or before the twentieth day of
December, March, June and September of each year.