The Municipality, or any trustee on behalf of the Municipality, may invest any funds held by it pursuant to this Article in bonds, notes, certificates of indebtedness, treasury bills or other securities issued or fully guaranteed by the United States of America and in certificates of deposit or time deposits constituting direct obligations of any bank as defined by the Illinois Banking Act, as heretofore and hereafter amended. Any such securities may be purchased at the offering or market price thereof at the time of such purchase.
(Ord. 1486, 10-13-1981)
Statutory reference:
S.H.A. 205 ILCS 5/2