§ 53-40. Trust status of tax in possession of retailer.  


Latest version.
  • All sums of money paid by the purchaser to the retailer as taxes imposed by this article shall be and remain public money, the property of the city, in the hands of such retailer, and the retailer shall hold the same in trust for the sole use and benefit of the city until returned and paid over to the manager as herein provided, and the failure so to pay over to the manager shall constitute a violation of this article by the retailer.

(Ord. No. 666-81, § 1, 12-14-81)