§ 30.080 INVESTMENT OF FUNDS.
   The Governing Body may, by resolution, direct and authorize the Municipal Treasurer to invest surplus funds in the outstanding bonds or registered warrants of the municipality, and other approved bonds and obligations as provided by law. The interest on the bonds or warrants shall be credited to the fund out of which the bonds or warrants were purchased.
(Neb. RS 77-2341) (1972 Code, § 1-1021)