Salt Lake Telegram | 1932-09-07 | Page 13 | City Moves to Prevent Shortage of Funds

I City Moves to Prevent Shortage of Funds Salt Sal Lake took definite steps Wednesday to guard against a possible pos pos- Isible sible recurrence of ot the shortage shortage short short- shortage age In the city treasury treasur two years ago through h adoption of a wo new ordinance ordinance nance defining the duties dutes of the city treasurer and auditor The Te ordinance provisions provision of ot which have lave been In effect for many months month was not officially passed however due to the absence of Mayor Louis Luis Marcus who was addressing the teachers eachers' institute but it is expected final inal fial action acton will vi be taken Thursday Among other oter things the he ordinance provides that the thee treasurer shall not pay jay payout out money except on warrants drawn by the auditor It requires the te treasurer to deposit all al public money in n the name of Salt Sal L Lake City as a municipal corporation The ordinance also requires that the he treasurer make daily daiy statements to o the auditor showing the mone money on onland hand land and where it i is deposited and monthly statements statements' showing similar accounts Another provision makes it manda manda- tory ory that the city commission declare the he office ofie of treasurer vacant when It t Is found the treasurer has made a profit on public money and has been convicted of the offense