To protect against potential fraud and embezzlement, investment assets will be secured through third-party custody and safekeeping procedures. Bearer instruments shall be held only through third-party institutions. The City Clerk/Treasurer and any other officers or employees of the city authorized to engage in investment transactions shall be bonded in an amount established by the governing body.
(Prior Code, § 33.37) (Municipal Order 1995-01, effective 1-3-1995)