The Department of Collections may, with the approval of the Director of Finance, constitute any bank doing business within the City the agent of the Department for receiving any taxes collectible by it under the provisions of this charter. The method of the receipt of taxes or other moneys through any bank constituted as the City's agent under this section shall be approved by the City Controller. In all cases, any such banks shall be depositories of the City, shall be authorized to issue official receipts for the moneys received by them, shall forthwith credit the City's accounts with the moneys so collected, and shall make daily reports in duplicate to the Department, with which shall be included copies in duplicate of all receipts issued by them as agents of the City.

ANNOTATION

Sources: No specific source.

Purposes: For the convenience of taxpayers and because it will provide the City with a safe and economical means of collecting moneys, the Department of Collections may, with the approval of the Director of Finance, authorize any bank doing business in the City to be its agent for collecting moneys due to the City.