If any securities, purchased under authority of this subchapter, are issuable to a designated payee or to the order of a designated payee, then the village shall be so designated, and further, if such securities are purchased with money taken from a particular fund of the village, the name of such fund shall be added to that of the village. If any such securities are registerable, either as to principal or interest, or both, then such securities shall be so registered in the name of the village and in the name of the fund to which they are to be credited.
(Ord. 01-25, passed 8-22-01)