3.08.010: DESIGNATED; TREASURER TO KEEP MONEYS:
   A.   Any bank in the State of Idaho, insured by the Federal Deposit Insurance Corporation of the United States Government, may serve as an official depository of the Municipal funds for the City.
   B.   The Treasurer is ordered, required and directed to keep moneys belonging to, or in the care of, the City, coming into his hands and into the hands of the City, in the above-named depositories; provided, however, that the Treasurer may be directed and empowered by resolution of the City Council to invest any money as authorized by Idaho Code, specifically Idaho Code §50-1013. (Ord. 1425 §1, 1976: prior code §1-6-1)