§ 98-89. Payment of interest on deposits.

Latest version.

It shall be unlawful for the water or sewer department or any officer or agent of the city to pay any interest whatsoever on any money deposited with the water or sewer department, except interest, if any, which may have lawfully accrued on deposits held by the city. The payment of interest by the city on any water, sewer or other deposit not specifically authorized in this section is prohibited.

(Code 1968, § 31-30)

                    
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