There is created in the treasury of the city a special fund to be known and designated as “claims fund.” Said special fund is created for the purpose of paying all claims or demands against the city accruing subsequent to January 1, 1970, except claims for salaries and wages and claims or demands required to be paid by interest bearing warrants. For the purpose of making expenditures from the claims fund as herein authorized the clerk-treasurer is empowered to make current transfers of moneys to said fund from the various other city funds heretofore or hereafter established in the city treasury against which such expenditures shall be properly chargeable. (Ord. 128 § 1, 1970).