(A) All financial assets of the village shall be held in an account or certificates of deposit at a financial institution which is guaranteed by the Federal Deposit Insurance Corporation and within the limits wherein accounts or certificates of deposit are actually insured by the Federal Deposit Insurance Corporation.
(B) It is permissible under this policy that the accounts be brokered through an individual agent as long as the accounts or certificates of deposit are actually guaranteed by the Federal Deposit Insurance Corporation.
(Ord. passed 12-21-1999)