§ 2-497. Depositories.

Latest version.

The common council shall designate the public depositories within this state within which city funds shall be deposited, and when the money is deposited in such depository in the name of the city, the clerk-treasurer and bondsman shall not be liable for such losses as are defined by law. The clerk-treasurer shall invest and the interest arising therefrom shall be paid into the city treasury.

(Code 1994, § 3-1-7)

State law reference

Authority, Wis. Stats. § 62.12(7); depositories generally, Wis. Stats. § 34.01 et seq.

                    
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