§ 36.009 COLLATERALIZATION.
   Funds on deposit (checking accounts, certificates of deposit and the like) in excess of FDIC limits must be secured by some form of collateral witnessed by a written agreement and held at an independent- third party institution in the name of the village.
(1999 Code, § 1-6-9) (Ord. 99-114, passed 11-9-1999)