§ 2-510. Investment institutions and dealers.

Latest version.

(a) The city shall only purchase securities from financial institutions which are qualified as public depositories by the Treasurer of the State of Florida or from primary securities dealers as designated by the Federal Reserve Bank of New York.

(b) Repurchase agreements shall only be entered into with primary security dealers and financial institutions which are state-qualified public depositories. The city manager will require a master repurchase agreement to be executed prior to any repurchase transactions.

(Ord. No. 95-44, § 1, 12-19-95)

                    
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