Every city and town may invest any portion of the moneys in its inactive funds or in other funds in excess of current needs in: (1) United States bonds; (2) United States certificates of indebtedness; (3) Bonds or warrants of this state; (4) General obligation or utility revenue bonds or warrants of its own or of any other city or town in the state; (5) Its own bonds or warrants of a local improvement district which are within the protection of the local improvement guaranty fund law; and (6) In any other investments authorized by law for any other taxing districts. [ 1975 1st ex.s. c 11 s 1; 1969 ex.s. c 33 s 1; 1965 ex.s. c 46 s 1; 1965 c 7 s 35.39.030. Prior: 1943 c 92 s 1; Rem. Supp. 1943 s 5646-13.]
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