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R89-93 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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R89-93 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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8/8/2016 3:46:05 PM
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Resolution/Ordinance
Res Ord Num
R89-93
Res Ord Title
AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
Approved Date
7/10/1989
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the transit system, all of which shall be the property of <br /> the City. <br /> 21 . Operator shall deposit in a bank, or in banks, <br /> designated by the City all monies collected under the <br /> provisions hereof at such times and in such manner as may be <br /> directed by the City from time to time, and shall keep such <br /> daily and other periodic records as City may direct, and <br /> shall transmit the same to City in the manner and form <br /> designated by City and shall keep and preserve, or if <br /> directed by City shall deliver to City, such tickets, <br /> receipts or other documents or instruments as City may <br /> direct to substantiate the records, books, and accounts of <br /> Operator to be kept by Operator in accordance with accepted <br /> good accounting practices as may be directed by the City <br /> under the terms hereof, and shall permit City, through such <br /> personnel as it may authorize, to examine and audit said <br /> records, books, and accounts at any and all reasonable times <br /> as City may elect, and Operator shall reimburse the City for <br /> any shortage or loss or overcharge, other than losses from <br /> theft, robbery or other causes beyond the control of Opera- <br /> tor or its employees, that may be disclosed by such audit or <br /> examination. No funds shall be withdrawn from said bank, or <br /> banks, except upon the order of the City. <br /> 22. Operator shall furnish such periodic reports and <br /> recommendations to the City as City may require or as may be <br /> 10 <br />
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