The city treasurer shall be the custodian of the retirement system regular bank account.
All payments from said account shall be made by the treasurer only upon vouchers signed
by the secretary of the board or persons designated by the secretary.
The board may designate a master trustee/custodian and delegate to said custodian
the authority to make payments from custodial accounts for investment purposes, receive
funds derived from investment sales, dividends, and interest, and perform such other
services related to investment transactions and custody as specified in the master
custody agreement.
(C.O. 203-34; renumbered to C.M.C. 203-69, eff. Jan. 1, 1972; a. Ord. No. 300-1979,
eff. Aug. 4, 1979; a. Ord. No. 545-1983, eff. Dec. 23, 1983; a. Ord. No. 457-1984,
eff. Nov. 9, 1984; a. Ord. No. 263-1988, eff. Aug, 6, 1988)
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