(A) The Mayor, Clerk-Treasurer and Solicitor of the village are hereby authorized and instructed to invest the sum of not over $5,000 of the idle funds of the village which will not be used for a period of six months in U.S. bonds.
(B) The Village Clerk-Treasurer shall submit to the Village Mayor and Solicitor a statement of moneys in the treasury and a schedule showing the probable requirements of money for the use of the municipality for the ensuing six months together with a recommendation whether said moneys shall be invested in such obligations.
(Ord. 174, passed 4-12-1927; Ord. 264, passed 5-22-1939; Ord. 349, passed 5-10-1943)
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