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Res 1988-140
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Res 1988-140
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8/10/2007 3:58:03 PM
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8/10/2007 3:58:03 PM
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City Clerk
City Clerk - Document
Resolutions
Number
1988-140
Date
12/12/1988
Volume Book
93
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<br />Overview of <br />The Public Funds Investment Act <br /> <br />0 Standard of care. <br /> <br />- Investments shall be made with <br /> <br />judgement and care <br /> <br />- under circumstances then prevail- <br /> <br />. <br />lng, <br /> <br />- that persons of prudence, <br />discretion, and intelligence <br />exercise in the management of <br />their own affairs <br /> <br />- not for speculation, but for <br />investment <br /> <br />- considering the probable safety of <br />their capital as well as the income <br />derived. <br /> <br />5 <br />
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