§ 23-20. Custody and deposit of cash and securities.

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The custody of all securities and cash of the fund shall be with the Board. The Board shall deposit all funds not invested as above in a national or State chartered bank located within Dade County, whose deposits are insured by the Federal Deposit Insurance Corporation. All securities shall be kept in a safe deposit box or deposited with a corporate trustee, and current inventories of such securities shall be kept as a part of the permanent records of the Board, which will be audited annually by a certified public accountant.

(Ord. No. 64-2, § 10, 1-14-64)

                    
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