137.01 TREASURY INVESTMENT FUND.

There is hereby established a Treasury Investment Fund for the City of all the funds of the City for investment where the balances shall not be required for a period of at least 180 days.

The balances to be invested shall be invested by the Finance Director in indebtedness obligations of the City and/or in indebtedness obligations of the United States Government, upon the approval of the Mayor and Council.

The investments for the account of each of the funds shall be sold when required on the approval of the Mayor and Council.
(Ord. 336. Passed 10-1-51.)

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