Chapter 3.08


3.08.010    Treasurer responsible for investments.

3.08.020    Amount.

3.08.030    Approval of mayor.

3.08.010 Treasurer responsible for investments.

The town treasurer shall be responsible for determining what moneys are available in each fund for investment purposes. (Ord. 199 § 1, 1982).

3.08.020 Amount.

The treasurer shall keep such surplus moneys invested to the maximum prudent extent in such a manner as prescribed by the state and insured by the federal government. (Ord. 199 § 2, 1982).

3.08.030 Approval of mayor.

All decisions by the treasurer as prescribed in Sections 3.08.010 and 3.08.020 shall be subject to the approval of the mayor. (Ord. 199 § 3, 1982).