§ 16-17. Transfer of funds.

Whenever the proceeds of the sale of bonds of the City or other moneys belonging to the City shall be deposited in a bank outside the City of Buffalo or wherever an emergency exists requiring the transfer from one bank to another in the City of moneys of the City on deposit, it shall be lawful for the Treasurer, upon his check, to transfer the funds from a bank outside of the City or from one of the banks within the City to another bank duly designated as a depository of City money; provided, however, that in each case the check of the Treasurer shall be for deposit only and shall be countersigned by the Comptroller or other officer of the City charged with the duties of the Comptroller.