ARTICLE 3. Investments

Article 3 added by Stats. 1971, Ch. 1161.

§§ 101230–101234 · 5 sections

• § 101230 The district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following: (a) Its own bonds. (b) Treasury notes,…
• § 101231 Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale or by the…
• § 101232 Any bonds, treasury notes, or obligations purchased and held as investments by the district may, from time to time, be sold and the proceeds reinvested in…
• § 101233 Sales of any bonds, treasury notes, or obligations purchased and held by the district shall, from time to time, be made in season so that the proceeds may be…
• § 101234 With the consent of the board, the general manager may: (a) Authorize the trust department of any state or national bank in this state, or a trust company…