2-2-6: SUITABLE AND AUTHORIZED INVESTMENTS:
   A.   Investments may be made in any type of security allowed for in the Illinois Statutes regarding the investment of public funds. Investments shall be made that reflect the cash flow needs of the fund type being invested.
   B.   It is the policy of the Village to require that funds on deposits in excess of FDIC insurable limits be secured by some form of collateral, witnessed by a written agreement and held at an independent third party institution in the name of the Village. (Ord. 12-03, 3-5-2012)