§ 12-33. Date and manner of making interest payments on City debt.

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Checks in payment for interest on the City debt shall be issued by the Director of Finance and shall be mailed to the individual address of every registered holder of City bonds on the date that such interest becomes due. However, interest due may be paid upon application in person or by attorney of any person appearing on the books to be the owner of any registered bond or upon the presentation of any matured coupon unless there is some reason to doubt the holder's title, in which event the Director of Finance shall consult the City Attorney before making any payment.

(Code 1993, § 11-32; Code 2004, § 42-42)

(Code 1993, § 11-32; Code 2004, § 42-42)

                    
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