The funds of the borough shall be controlled, invested and reinvested
and administered by the Borough Treasurer subject to monthly ratification
of the Treasurer's actions by Borough Council, and the moneys
therein expended for any of the purposes hereinbefore set forth in
such manner as may be determined by the Council.
The money in the funds, when invested, shall be invested in
securities designated as legal investments for municipalities as determined
by federal and/or state law.