The Treasurer, the Mayor, the members of Council and any other official or employee of the Village shall not be held accountable or personally liable for any loss occasioned by the sale of any Eligible Investment at a price lower than its cost or book value. Any loss or expense in making such sales or closings shall be payable as other expenses of the Village. The Treasurer, the Mayor, the members of Council and any other official or employee of the Village shall not be personally liable for or with respect to the purchase of any Eligible Investment authorized as an investment under this chapter; and the Treasurer, the members of Council, the Mayor and any other official or employee of the Village (other than the public official or employee of the Village making a deposit or investment not authorized under this ordinance) shall not be personally liable for any unauthorized deposit or investment by such public official or employee.
(Ord. 2006-11. Passed 4-5-06.)