§ 853-5. Surety Bond.

The city treasurer shall retain in his possession all cash, bonds of the United States, the state of Ohio, or any of its political subdivisions which is not in default in the payment of any of its bonds, or the interest thereon which have been endorsed and made payable to the city of Cincinnati and have been deposited with the city treasurer as surety for all outstanding, undischarged bail bonds, recognizance bonds, appeal bonds, or other court bonds and unpaid forfeitures on which the depositor may be liable as surety.

Upon receipt of certification from the Hamilton County Clerk of Courts that the amount of outstanding bail bonds, appeal bonds or other unpaid forfeitures for which the depositor is liable as surety have been discharged or have been reduced below the level of the amount of the deposits held by the city treasurer, the city treasurer shall return the excess amount of cash, bonds of the United States, the state of Ohio, or any of its political subdivisions which is not in default in the payment of any of its bonds, or the interest thereon held by the city treasurer as bond to the depositor.

No bail bond, recognizance bond, appeal bond, or other court bond shall be written or issued from and after the effective date of this ordinance [section] against the cash, bonds of the United States, the state of Ohio, or any of its political subdivisions which is not in default in the payment of any of its bonds or the interest thereon which are deposited with the city treasurer under this section.

(C.O. 772-2a; renumbered to C.M.C. 853-5, eff. Jan. 1, 1972; a. Ord. No. 49-1973, eff. Nov. 7, 1973; repealed and reenacted by Ord. No. 333-1984, eff. Aug. 1, 1984)