§ 20-92. Financial advisor.

Latest version.

(a)

Upon the retention of a financial advisor by the mayor or the manager of finance, the manager shall summarize the work to be performed by such advisor and shall communicate the retention in writing to the president of city council. The city clerk shall read the communication to the council.

(b)

No financial advisor shall, either alone or as a participant in a syndicate, either directly or indirectly participate in the purchase from the city or in any original-issue resale by the purchasing account of municipal bonds on which the advisor has rendered advice or assistance. No financial advisor shall arrange for acquisition or participation in the acquisition of municipal bonds by a person controlling, controlled by or under common control with such financial advisor.

(Ord. No. 459-90, § 2, 8-13-90; Ord. No. 775-07, § 45, 12-26-07)

                    
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