The governing body may, by resolution, direct and authorize the Municipal Treasurer to invest surplus funds in the outstanding bonds or registered warrants of the municipality, and other approved bonds and obligations as provided by law. The interest on such bonds or warrants shall be credited to the fund out of which the said bonds or warrants were purchased.
(Prior Code, § 1-918)
Statutory reference:
Related provisions, see Neb. RS 17-608, 17-609, 77-2341