§ 2-348. Records of bonds and revenue certificates.

(a)

Generally. It shall be the duty and responsibility of the chief financial officer to see that complete records are maintained on all city bonds, revenue bonds and revenue certificates issued by the city, together with the interest due on such bonds and revenue certificates to maturity.

(b)

Bond registers. It shall be the duty and responsibility of the chief financial officer to maintain the necessary bond registers to record each individual bond on each issue as to maturity dates and to make the necessary entries when the bonds are paid so that the bond registers will at all times reflect the outstanding bonds and certificates.

(c)

Bond ledger. It shall be the duty and responsibility of the chief financial officer to maintain a registered bond ledger and to record in such ledger all bonds and revenue certificates and to make semiannual interest payments due the holder of the registered bonds as the payments become due.

(d)

Contract with bank for keeping of records. The chief financial officer, with the approval of the committee on finance of the council, may contract with an Atlanta clearing house bank to keep a record of all city bonds, revenue certificates and interest coupons paid. The bank shall submit to the chief financial officer a detailed report of such payments, together with a certificate showing that such paid bonds, revenue certificates and interest coupons have been cremated. However, the records to be maintained by such bank shall not in any way relieve the chief financial officer of the responsibilities set forth in this section.

(Code 1977, § 7-1026; Ord. No. 2003-70, § 3, 5-27-03)

Note— Formerly § 2-349