8-3.04   Duties of Trustee; Trustee's Bond.
   a.   The trustee of the Perpetual Fund shall invest the fund in U.S. Government Bonds, savings accounts guaranteed by the Federal government, or in first mortgages, bonds or the equivalent in guaranteed investment.
   b.   The trustee and his successors in office shall execute a bond with corporate surety thereon to guarantee the faithful performance of the duties of the trustee.
(Ord. BG80-63, S8-8, 7/15/80; Ord. BG2003-37, 7/1/2003)