Examples of District securities in a sentence
The District treasurer is delegated the responsibility to invest and reinvest District funds and to sell or exchange District securities and to make periodic reports to the Board of Directors in accordance with this Investment Policy.
If the Depository is not a member of the Federal Reserve or a federal home loan bank and utilizes a correspondent bank for safekeeping of District securities, the transactions will be handled through the Depository's systems and shall not require additional interaction by the District with the correspondent bank.
This Policy shall not restrict the ability of Pueblo West Metropolitan District to invest proceeds from the issuance of Pueblo West Metropolitan District securities in financial obligations permitted through board-approved bond resolutions or indentures of trust pursuant to which the securities were issued.
District securities issued under this article and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the revenues of the district or the sales tax proceeds of the district, or both, as the case may be, pledged to the payment thereof.32-9-135.
If the bank is not a member of the Federal Reserve and utilizes a correspondent bank for safekeeping of District securities, the transactions will be handled through the depository bank's systems and shall not require additional interaction by the District with the correspondent bank.
District securities issued under this article and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the net revenues of the district or the sales tax proceeds of the district, or both, as the case may be, pledged to the payment thereof.
Neither plan includes in its assets, any District securities or securities of any related parties.
Legal Investments; Accounts Whenever directed by the board of directors, the manager of finance and administration shall purchase for the District securities or other investments which are legal investments for the District and authorized by the District’s Investment Policy, and deposit them in the accounts designated by the board of directors for such purpose.
All District securities are held in the District’s name; therefore, no investments held at year-end were subject to custodial credit risk.
Security Transfers: Any authorization to release District securities must be in written form by the Chief Financial Officer.