(a) Policy Adopted. Council hereby adopts and accepts the investment policy attached to Resolution 91-42 and made a part hereof.
(b) Agreements Authorized. The Director of Finance is authorized and directed to enter into the necessary agreements to implement this policy and invest public moneys pursuant to and in compliance with the terms of such policy.
(c) Nonliability for Losses. The Director and the City Manager shall be relieved from any liability for the loss of any public moneys deposited or invested pursuant to and in compliance with such policy, including, but not limited to, losses occasioned by the sale of any instruments, securities or obligations, the closing of any deposit accounts or the failure of any depository.
(d) Depositories. Securities purchased in accordance with the terms of this policy shall be financial institutions located within the United States or through "primary securities dealers" as designated by the Federal Reserve Bank. A list of these depositories, authorized institutions and dealers shall be maintained by the Director and available for public inspection during normal office hours throughout the course of the designation period.
(Res. 91-42. Passed 8-5-91.)