(1) The City Parking Committee with the assistance of the City Traffic Engineer is hereby authorized and directed to regulate parking on public property within Provo City pursuant to the Provo City Code and to establish timed and metered parking zones and to cause the installation of signs, curb and street markings, and coin-operated parking meters where the same are reasonably necessary to control parking on the public streets. The City Traffic Engineer shall advise the City Parking Committee with respect to national and state parking standards and the Committee may receive such other advice and recommendations regarding the installation of signs, curb and street markings, coin-operated parking meters, and other regulatory devices and measures as are reasonably necessary to control parking on the public streets.

(2) It shall be unlawful to park a motor vehicle in a parking space regulated by a parking meter without depositing the required money in said meter.

(3) Subsection (2) of this Section shall not apply on Sundays, legal holidays or between the nighttime hours of 6:30 p.m. to 9:30 a.m.

(4) The collection of money from parking meters shall be subject to the direction and control of the Finance Department.