(a) Council hereby adopts and accepts the investment policy attached to original Ordinance 9-98, and made a part hereof.
(b) The Director of Finance is authorized and directed to enter into the necessary agreements to implement this policy and invest public monies pursuant to and in compliance with the terms of such policy, and to review such policy on an annual basis.
(c) The Director of Finance and the City Manager shall be relieved from any liability for the loss of any public monies 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.
(Ord. 9-98. Passed 7-6-98.)