Sec. 30-2. - Standard for investment of funds other than pension funds.

Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation but for investment, considering the probable safety of their capital as well as the probable income to be derived. Investments shall be made in accordance with written policies adopted by the city finance director in accordance with section 30-1. Such investments shall address liquidity, diversification, safety of principal, yield, maturity, quality and capability of investment management, with primary emphasis on safety and liquidity.

(Code 1971, § 2-101)