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whose deposits are insured under the provisions of any law of the United <br />States, in a special account designated by i~s n~me for the retention of <br />such funds. The name of the account under which the funds referred to <br />in this Section are deposited shall be so distinctive that it cannot be <br />confused with the "City of Santa Ana- General Account", and shall show <br />the neme of the officer or employe upon whose o~der withdrawal may be <br />made. All officers and employes maintaining any such account under the <br />provisions of this Section shall immediately notify the City Council of <br />the City of Santa Ane in case the total ~mount on deposit equals or ex- <br />ceeds $4500.00, and provisions shall be made for the redepositing of a <br /> <br />portion thereof in a trust fund of the City, maintained in the name of <br />the Treasurer of the City of Sant~ Aha. <br /> <br /> SECTION 6: The Treasurer of the City of Santa Ana shall create an <br />account to be known as the "City of S~ta Ana- Trust Account" for the <br />deposit of any funds held by the City of Santa ~nla or a~kV officer or em- <br />ploye of the City in trust or as security to guarantee any payment or the <br />doing of any act. Any officer or employe of the City having any such <br />trust funds may deposit the same in "City of Santa Aha - Trust Account", <br />and all withdrawals therefrom shall be upon the order of the City Treas- <br />urer who shall require appropriate authorization from the officer or em- <br />p loye depositing the same. <br /> <br /> SECTION 7: This Ordinance is urgently required for the preserva- <br />tion of the public peace and safety. The following is a specific state- <br />ment ~howing the urgency of this Ordinance: <br /> <br /> That heretofore the practice in the.handlingi~f public monies and <br />trust monies has developed and continued, which might endanger the secur- <br />ity of the CitY, s and the socurity and safe~y of trust deposits held by <br />the City of Santa Aha. This Ordinance is adopted for the correction of <br />the methods of handling funds, to regulate, govern and control the deposit <br />of all City or trust funds in the hands of the City or its employes, and <br />the Council of the City of Santa Aha does hereby direct that all officers <br />or employes receiving or having in their possession any money or negotia- <br />ble instruments belonging to the City of Sant~ Ana, or received in trust <br /> <br /> <br />