HomeMy WebLinkAbout1979, Res-79-07 City Treasurer Invest~~ _ -~ ~~
RESOLUTION
BE IT RESOLVED that the Treasurer of the City of
Rexburg, Idaho, is hereby directed and empowered after first
obtaining the approval of the Mayor or Chairman of the Financial
Committee, to invest in the name of the City of Rexburg any
money in his hands as City Treasurer in any of the following:
A. Revenue bonds issued by the Revenue Bond Act.
B. City coupon bonds provided for under Section
50-1019, Idaho Code.
C. Local improvement district bonds provided for
under chapter 17, title 50, Idaho Code.
D. Time certificates of deposit of public depositories.
E. Bonds, treasury bills, interest-bearing notes, or
other obligations of the United States, or those
for which the faith and credit of the United States
are pledged for the payment of principal and
interest.
F. General obligation bonds of this state, or those
for which the faith and credit of this state are
pledged for the payment of principal and interest.
G. General obligation bonds of any county, city,
metropolitan water district, municipal utility
district, school district or other taxing district
of this state.
H. Notes, bonds, debentures, or other similar
obligations issued by the Farm Credit System
or institutions forming a part thereof under
the Farm Credit Act of 1971 (U.S.C., tit. 12,
sections 2001-2259) and all acts of congress
amendatory thereof or supplementary thereto; in
bonds or debentures of the Federal Home Loan
Bank Board established under the Federal Home
Loan Bank Act (U.S.C., tit. 12, sections 1421-
1449); in bonds, debentures and other obliga-
tions of the Federal National Mortgage Associa-
tion established under the National Housing
Act (U.S.C., tit. 12, sections 1701-1750c) as
amended, and in the bonds of any federal home
loan bank established under said act and in
other obligations of federal agencies.
I. Repurchase agreements with Idaho public depositories
covered by any legal investment for the state of
Idaho.
J. Tax anticipation notes and registered warrants of
the state of Idaho and the cities of the state of
Idaho.