(a) There is hereby created an Investment Advisory Board consisting of three members: the President or acting President of the Citizens Bank, Sky Bank and National City Bank.
(b) It is hereby declared to be the policy of Council that the Investment Advisory Board shall meet with the Treasury Investment Board of the City once a month or so often as is necessary to review the portfolio of investments of the City and make recommendations to the Treasury Investment Board on the prudent and productive investment of City funds.
(c) Nothing herein shall be construed to limit or impede the lawful powers and authority of the Treasury Investment Board of the City nor is there any legislative intention that the Treasury Investment Board be limited to seeking advice only from the Investment Advisory Board. (Ord. 5860. Passed 12-18-69.)
(d) The Finance Committee of City Council shall be notified of all meetings of the Treasury Investment Board.
(Ord. 2002-46. Passed 9-5-02.)