§ 34.23  SAFEKEEPING AND CUSTODY.
   All security transactions, including collateral for repurchase agreements, entered into by the village shall be conducted on a delivery-versus-payment (DVP) basis. Securities will be held by an independent third party custodian designated by the Treasurer and evidenced by safekeeping receipts and a written custodial agreement.
(Res. 99-12, passed 11-6-1999)