§ 39.09 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.

(Res. 99-29, passed 11-17-99; Am. Res. 2009-1010, passed 3-4-09)

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