Sec. 11.1-4. Investment of city funds.
For the purpose of preserving and investing all surplus
funds of the city, other than The Retirement Fund and The
Sinking Fund, the mayor, the chairman of the finance committee
of the city council, the director of finance, the city
manager and the city treasurer shall constitute an investment
committee. The investment committee may invest all surplus
funds, except The Retirement Fund and The Sinking Fund, as it
deems desirable in any securities which, under the laws of this
state, are designated and approved for the investment of fiduciary
funds. (1-21-64.)
