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City of Portland

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5.64.030 Treasurer to Cash Credit Union Checks.

The City Treasurer is hereby authorized and directed to accept and cash checks properly drawn by the City Employees’ Credit Union, signed by the Treasurer and countersigned by the President and Vice President.  It shall be the duty of the Secretary of the City Employees’ Credit Union to file with the City Treasurer annually at the time of election of officers of the credit union a certificate showing the name of the President, Vice‑president and Treasurer of the Credit Union.  In the event any change is made in the organization of the Credit Union whereby any other officers or individuals are authorized to sign or countersign checks, the same shall be immediately transmitted to the City Treasurer by the Secretary by the filing with the City Treasurer of a certificate so stating.  In the event any change in officers is made at any time during the year the same shall be immediately transmitted to the City Treasurer in like manner.