§ 33.75 INVESTMENT OF FUNDS.

   The Emergency Telephone System Board, without further City Council approval, may invest any funds held by it pursuant to this section in:

   (A)   Any obligations which as to principal and interest constitute direct obligations of or are unconditionally guaranteed by the government;

   (B)   Obligations of the Federal National Mortgage Association;

   (C)   Obligations of the Federal Intermediate Credit Banks;

   (D)   Obligations of Federal Banks for Cooperatives;

   (E)   Obligations of Federal Land Banks;

   (F)   Obligations of Federal Home Loan Banks;

   (G)   Obligations of the Federal Financing Bank;

   (H)   Time certificates of deposit authorized under state or federal law;

   (I)   Any other investments to the extent then permitted by Illinois law. Any such securities may be purchased at the offering or market price thereof at the time of such purchase.

(Ord. 838, passed 4-19-95)