(a) The investment policy prepared by the Director of Finance and approved by the City Manager and now on file in the office of the City Manager is hereby approved with such modifications, changes and supplements as are necessary or desirable for the purposes thereof as the City Manager, in the exercise of that degree of judgment and care as set forth in such policy, shall approve. A copy of such Investment and Deposit Policy is attached to original Ordinance 37-86, as Exhibit “A”.
(b) The Director of Finance is authorized and directed to enter into the necessary agreements to implement this policy and to invest public moneys pursuant to and in compliance with the terms of such policy.
(c) The Director of Finance and the City Manager shall be relieved from any liability for the loss of any public moneys deposited or invested pursuant to and in compliance with such policy, including, but not limited to, losses occasioned by the sale of any instruments, securities or obligations, the closing of any deposit accounts or the failure of any depository.
(Ord. 37-86. Passed 10-6-86.)
(Ord. 37-86. Passed 10-6-86.)
(d) The Investment and Deposit Policy has been amended as follows:
Ordinance Passed
50-92 8-3-92
80-93 11-1-93
46-95 12-4-95
51-96 11-4-96