Pursuant to Section 16 of LB 237, the funds of the retirement system shall be invested by the retirement committee. The City, with the approval of the retirement committee, shall contract with an insurance company, trust company or other financial institution, including, but not limited to, brokerage houses, investment managers, savings and loan associations, banks, credit unions, the Farmers Home Administration or the Veterans' Administration, all approved lenders.
(Ord. 1030. Passed 11-22-83. )