§ 35.19 PRUDENT PERSON STANDARD.

All investment transactions shall be made with a degree of judgment and care. The standard of prudence, meaning not for speculation and with consideration of the probable safety of the capital as well as the probable investment return, will be applied in all investment transactions.

(2002 Code, § 2.82) (Ord. 3, Fifth Series, passed 3-18-1996)

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