Regulation of securities.
Columbus City Codes § 325.04
in effect325.04 - Regulation of securities.
All securities belonging to the treasury of the city or to any fund thereof may be placed in the custody of any member of the Federal Reserve banking system, upon the issuance by such member of its custodian or other bailment receipt to the city treasurer. Such securities, if not kept in the custody of a member of the Federal Reserve banking system, shall be in the custody of the city treasurer and shall be kept in a safe deposit box or vault belonging to a regular city depository. If such securities are so kept, such safe deposit box or vault shall be opened only in the presence of the city treasurer and deputy city treasurer or city treasurer and one (1) of the other two (2) officers named in C.C. 325.011. A report of whatever is placed in or removed from such safe deposit box or vault upon any such occasion shall be signed by the city treasurer and by the witnesses required by this section. No bond in addition to that required by other ordinance shall be required of the officers named in C.C. 325.011. In the event securities are deposited with a member of the Federal Reserve banking system, such securities may be withdrawn or sold only upon order of the officers named in C.C. 325.011 or a majority of such officers.
(Ord. 543-95; Ord. No. 2044-2019, § 6, 7-29-2019)
Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT3FITACO_CH325INTRFU_325.04RESEFetched: 10/27/2026