§ 2-182. Preamble.

Latest version.

(a)

In accordance with R.S. 33:2955(D), the village hereby adopts the investment policy set forth in this article.

(b)

The village shall operate under the "prudent person" rule, exercising judgment and care, under the circumstances prevailing, which people of ordinary prudence would employ in the management of their own affairs, not in regard to speculation, but as to the permanent disposition of their funds, considering both income and safety of capital.

(c)

The assets of the village shall be held in trust by the fiduciary designated by the village.

(d)

The village will normally review this article at least annually.

(Code 2004, § 27.1)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');