The following banks are designated by the Town
of Chautauqua:
The governing Town Board of the Town of Chautauqua
shall review and approve the investment policy, at least annually,
and, if practicable, at its organizational meeting, and the members
shall review and amend, if necessary, these investment policies.
The provisions of these investment guidelines
shall take effect prospectively and shall not invalidate the prior
selection of any custodial bank or prior investment.