Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
427.07 WITHDRAWAL OF FUNDS.
The treasurer of any city, who has city funds deposited in accordance with sections 427.02
to 427.07, shall, when notified so to do by the sureties on the treasurer's official bond or by the
council of the city, withdraw all funds from any designated depository and it shall be the duty
of the city comptroller or other recording officer of such city to countersign all checks for such
withdrawal. The city treasurer shall thereupon, upon such withdrawal, notify the council of the
city thereof and thenceforth the city treasurer shall deposit no more funds in the depository until
authorized so to do by the council of the city. Upon this withdrawal, it shall be the duty of the
council of the city to proceed forthwith to redesignate, in accordance with the provisions of
sections 427.02 to 427.07.
History: (1332) 1907 c 17 s 6; 1986 c 444
The treasurer of any city, who has city funds deposited in accordance with sections 427.02
to 427.07, shall, when notified so to do by the sureties on the treasurer's official bond or by the
council of the city, withdraw all funds from any designated depository and it shall be the duty
of the city comptroller or other recording officer of such city to countersign all checks for such
withdrawal. The city treasurer shall thereupon, upon such withdrawal, notify the council of the
city thereof and thenceforth the city treasurer shall deposit no more funds in the depository until
authorized so to do by the council of the city. Upon this withdrawal, it shall be the duty of the
council of the city to proceed forthwith to redesignate, in accordance with the provisions of
sections 427.02 to 427.07.
History: (1332) 1907 c 17 s 6; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes