Sec. 2-32. Investment of surplus funds.

 

The treasurer shall keep all funds determined to be surplus invested in such investments as allowed by the laws of the State of Nebraska in state or national banks of approved and responsible standing or as authorized by law, for such lengths of time and at such rates of interest as the treasurer determines to be most advantageous to the city; provided, that nothing in this section shall authorize the treasurer to place funds in any state or national bank in excess of the limitations provided by the laws of the State of Nebraska.

 

Source:  Code 1962, 1-15-3; Ord. No. 3098, 2, 10-18-82; Ord. No. 3333, 1, 7-1-85

State law reference--City depositories, R.R.S. 1943, 16-712 et seq.