The Sinking Fund Commission shall consist of the Director of Finance, the City Controller and an experienced banker or investment banker.

ANNOTATION

Sources: Ordinances of the City of Philadelphia, June 19, 1857; and May 9, 1857; Act of June 25, 1919, P.L. 581, Article XIV, Section 1.

Purposes: The Director of Finance, the City Controller and an experienced banker or investment banker constitute the Sinking Fund Commission because its functions include the investment of moneys and the redemption or purchases of City Bonds. Section 6-208.