Chapter 3.02
GENERAL PROVISIONS

Sections:

3.02.010    Official city depositories designated.

3.02.020    Bank checks authorized.

3.02.030    Bank checks—Validation.

3.02.010 Official city depositories designated.

The official city depositories for all city funds shall be the Connell Branch of Seafirst Bank, a national banking corporation, and the Connell Branch of Ben Franklin National Bank, a national banking corporation. However, this section shall not prevent or preclude the city treasurer/finance officer from utilizing other depositories for city investments in order to secure the highest and best yield available to the city under the laws of the state of Washington. (Ord. 575 § 1 (part), 1991).

3.02.020 Bank checks authorized.

All claims or other obligations of the city which are payable out of solvent funds, shall be paid by the issuance of bank checks; provided, however, that this section does not authorize any creditor to demand payment upon any obligation prior to its proof and normal maturity in due course. (Ord. 575 § 1 (part), 1991).

3.02.030 Bank checks—Validation.

(a)    All checks shall be drawn on funds deposited with the city’s official depository designated in Section 3.02.010.

(b)    Two signatures shall be required to validate the checks herein authorized, and the first signature shall be that of the mayor, or in the absence of the mayor, the mayor pro tempore, and the second signature shall be that of the city treasurer/finance officer, or in the absence of the city treasurer/finance officer, the deputy city treasurer/finance officer. Of the two required signatures, one must be manual. (Ord. 575 § 1 (part), 1991).