Pursuant to Chapter 46, Laws of 1965, Extraordinary Session (RCW 35.39.030), there is hereby created an Investment Committee of the City of Tacoma consisting of the following City officials, to wit: Mayor, Treasurer, Director of Finance and Assistant Director of Finance; the Treasurer of the City of Tacoma shall be designated Chairman of the Investment Committee and the Director of Finance Secretary thereof.
(Ord. 17899 § 1, 1965-08-24; Ord. 25335 § 27, 1993-07-20)
The Investment Committee created herein is authorized to invest any portion of the moneys of the City of Tacoma in its inactive funds or in any funds in excess of current needs in such investments as may be authorized by the laws of the State of Washington, and at any time to convert any securities authorized by the laws of the State of Washington or any part thereof into cash.
(Ord. 17899 § 2, 1965-08-24)