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Form a Business

Disposition of moneys; separate accounts to be kept.

Memphis Charter, art. 78, § 870
in effect
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Sec. 870. - Disposition of moneys; separate accounts to be kept. All proceeds received from the sale of bonds issued under this Act and all fees, rents, tolls, or other charges, received by the municipality from any public works project, and all moneys received from any Federal agency shall be paid to the financial officer or officers, board or commission, of the municipality designated for such purposes. Such financial officer or officers, board or commission, shall not commingle any money received from any Federal agency with any other moneys, but the moneys received from any Federal agency shall be deposited in a separate bank account or accounts in the name of the municipality. (Priv. Acts 1935, ch. 108, § 3, 1st Spec. Sess.)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART78PUWOAC_S870DIMOSEACBEKEFetched: 10/28/2026

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