§ 34.29  SAFEKEEPING AND CUSTODY.
   All security transactions, including collateral for repurchase agreements, entered into by the City of LaSalle, shall be conducted on a delivery-verses-payment (DVP) basis. Securities will be held by an independent third party custodian designated by the Comptroller and evidenced by safekeeping receipts and a written custodial agreement.
(Ord. 1691, passed 12-13-1999)