[HISTORY: Adopted by the Borough Council of the Borough of Lehighton 1-23-1989 by Res. No. R-003-89. Amendments noted where applicable.]
The Pennsylvania Local Government Trust Fund (PLGIT) shall be hereby designated as the depository for investments from any Borough account.
[Amended 7-24-2000 by Res. No. 012-2006; 7-23-2001 by Res. No. 009-2001; 5-19-2003 by Res. No. 009-2003; 5-24-2004 by Res. No. 008-2004; 9-27-2004 by Res. No. 014-2004; 1-24-2005 by Res. No. 003-2005; 5-23-2005 by Res. No. 001-2005; 3-25-2013 by Res. No. 004-2013; 3-27-2017 by Res. No. R-006-2017; 1-2-2018 by Res. No. R-001-2018; 1-6-2020 by Res. No. R-001-2020]
This list may be changed from time to time by resolution of the Lehighton Borough Council.
[Amended 7-23-2001 by Res. No. 009-2001; 3-25-2013 by Res. No. 004-2013; 1-2-2018 by Res. No. R-001-2018; 1-6-2020 by Res. No. R-001-2020]
Two "live" signatures (use of signature stamps is expressly prohibited) shall appear on all Borough checks. These signatures shall be any two of the following: Council President, Council Vice President, Borough Manager, Treasurer or Assistant Secretary/Treasurer.
[Amended 1-2-2018 by Res. No. R-001-2018; 1-6-2020 by Res. No. R-001-2020]
The Borough Manager and/or Borough Treasurer are hereby authorized and directed to invest any idle Borough funds in certificates of deposit, time-opened deposits, treasury bills or any other investment permitted by law in order to obtain the highest maximum yield of interest on Borough funds.