137.07 NONLIABILITY.

(a) The members of the Treasury Investment Board shall not be personally liable to the Village or any third person for the good faith exercise of their discretion to invest the funds of the Village under the authority of this chapter.

(b) Neither the Clerk-Treasurer nor the Deputy Clerk-Treasurer, when acting in good faith and in compliance with this chapter, shall be personally liable to the Village or any third person for the investment of the funds of the Village as directed by the Treasury Investment Board under the authority of this chapter.

(Ord. 1986-13. Passed 6-16-86.)

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