Sec. 70-47. - Same—All other checks, including those drawn against U.S. Treasury bills.
(a) All other checks shall bear but two manual signatures, which shall be those of:
(1) The director of the department of finance, or the deputy director of the department of finance, or the chief, bureau of the treasury or the chief clerk, bureau of the treasury; and
(2) The comptroller or the chief clerk or the assistant to the chief clerk, bureau of accounting.
(b) Checks under this section shall include any drawn from time to time for the investment of funds not immediately needed, on deposit with lawful depositories, in 90-day interest bearing United States Treasury bills; and such signatories may also sign all documents that may be necessary to obtain the payment of such bills on or before their maturities or for the withdrawal of them from the safekeeping of the depository thereof. But all proceeds of such securities payable at maturity thereof shall be payable by the federal reserve bank to the city and all proceeds of such securities paid before maturity thereof shall be paid through a depository of city funds that is a member of the federal reserve system.
(Code 1956, § 2-38)