Sec. 2-97.  Certain transactions not considered contracts.


The receiving of deposits, cashing of checks, and buying and selling of warrants and bonds of indebtedness of the city by a financial institution shall not be considered a contract under sec­tions 2-94 through 2-100 of this division.  The ownership of less than five (5) per cent of the outstanding shares of a corporation shall not constitute an interest within the meaning of this sec­tion. 


Source:  Ord. No. 3152, § 4, 9-7-83; Ord. No. 3220, § 4, 5-21-84; Ord. No. 3626, § 4, 2-21-89