Chapter 3.24
INVESTMENT OF CITY FUNDS

Sections:

3.24.010    Authority of treasurer and clerk.

3.24.020    Monthly report to council.

3.24.030    Authority to liquidate.

3.24.010 Authority of treasurer and clerk.

The city treasurer and/or city clerk are authorized to determine the amount of money available in each fund for investment purposes and make investments authorized as indicated in RCW 35.39.030, as amended as of the adoption of the ordinance codified in this chapter or thereafter, and the provisions of RCW 35.39.034, without the consent of the legislative authority for each investment. (Ord. 1374 § 1, 1973; prior code § 1-3301)

3.24.020 Monthly report to council.

The responsible official or officials shall make a monthly report of all investment transactions to the city council. (Ord. 1374 § 2, 1973; prior code § 1-3302)

3.24.030 Authority to liquidate.

The city treasurer and/or city clerk may at any time convert any of the city’s investments, or any part thereof, into cash. (Ord. 1374 § 3, 1973; prior code § 1-3303)