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The finance director shall invest money only in the following types of security instruments:

A. Bonds, notes, or other obligations, direct or otherwise, of the United States Government;

B. Bonds and other evidence of indebtedness of the state of Alaska, or any municipality, or political subdivision of the state of Alaska;

C. Savings accounts, certificates of deposit, banker’s acceptances, repurchase agreements, and such other legal security instruments; or

D. The Alaska Municipal League Investment Pool, Inc., made in accordance with the terms of that pool’s “Common Investment Agreement.” [Ord. FY2008-08 §2, 2007; Ord. 92-29 §3, 1993; Ord. 90-35 §2, 1990; Ord. 84-30-O §1, 1984; Ord. 82-15-O(A), 1982; Ord. 71-5-O , 1971; prior code Ch. 7 subch. 1 §2. Formerly §3.04.020].