§ 3-3.105. Deposits.

The City Treasurer is hereby authorized to deposit for safekeeping with a trust company, or with a State or national bank located within the State, or with the Federal Reserve Bank of San Francisco, or any branch thereof located within the State, or with any Federal Reserve Bank, or with any State or national bank located in any city designated as a reserve city by the Board of Governors of the Federal Reserve System the securities in which City money has been invested pursuant to the provisions of Section 3-3.102 of this article; provided, however, the City Treasurer shall take from such trust company or bank a receipt for the securities so deposited and shall not be responsible for such securities delivered to and receipted for by such trust company or bank until such securities are withdrawn therefrom by the City Treasurer.

(§ 6, Ord. 170)