Any investment held on the date of initial adoption of this policy which does not meet its guidelines shall be exempted from its provisions. At maturity or liquidation, the moneys so invested, if reinvested, shall be reinvested in accordance with this policy. The City Treasurer may take a reasonable period of time to adjust the existing investment portfolio to the provisions of this policy in order to avoid the premature liquidation of any current investment.
(Ord. 1B-1994, passed 12-13-1994)