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> ~ - ~ - _ - ; ; _ 4 . . . ~ : • ~ ; - - - _ ~ . - . - { . _ , , : , . . „ _ . _ . _ . , • . . , . : ; .3.. ~ . . : " " ' ' , ? - . - . :t ~ _ 3~ _ - ~ t =t,. ~ i ' i E - _ ' . ~ t 3;. ; _ ~ . . ~ - ' . . . ~ . . . - . " ' _ ' _ r ' - ? ~ ' = - t~ _ _ '1- _ - - t ~ t ~ E F ~ ~y'a _ ( { ' _ _ . t 7 ~ } , t3 ~ ` i ~ 't 4 { ~ • ~ ~ g t { t _ . i. ~Ft E _ t _ _ - t ' ; ~ ~Y t . . yt -_i . - ' Y ~ _ 4~ 't. ~#::;a ".~.r y ; ~ ~ 2 ~`F.G. ` ti c E- ; ~t~ :~:ss~~ s _ - ti ~a, - :y,. - ' . 4'= s _ 5.- _r - - . . . . . ~ ~ . . . . . . , , . . . . . . , . . . , . . ~ . - - . . ~ • . ` ~ ' - . . ~ . . . . ~ , . . , . _ . . ..f. ; . r - . . . . . . - . ~ . . . , ~ . _ ~ ~ ~N:. "Auttiorized Investments" sh~11 mean, to the extent from i< ` ~ ~..f'.- ` I` time to time permitted by law:. _ _ direct obli~atiions of the tlnited ° States af ~ C~~ . Aa?e~ica s ~ ~ - _ . = obligations of a~ entity controlled or supervised. . ~ii~ , ~tin ~ as an agency ~or: i~nstrumentAlity the : United . _ by , and _ a 9 , ~ a ent of wKiCh -is uncond,iticn¢1~Y 9uaranteed as a: ~ ~ StAtes r tl`!~ P Y~ full faith: and ~C=sa~t obligation of the United Stntess: ; ~ ; . _ : . - , owner~hip - - . t`iii) Securfties or receipt~ evi~erscing - \ ts in abligationa or spe.~lfied.port~ons tsuch ~s psincipal ~nteres or interest)'of pbl~gations describe4 in (i) or .tii~, , (iv) 3nvestments in ~he ~Local Government Surplus .Funds `Fund. a Pooled invest~aent fund~establiahed under Flox~d~ _ Trust law= _ - (v) ~nd~ or `other debt obXiQntions . the inte~rest on = ~ h at the ~`time of pur~hase and con~inuously therea~ter is Whic - . - excludable from the qros~ income of the oWnera thereof for. - ` ~ investments which may be = . Federal. ~ncome tax purposes or any - as suc~? un8er the Treasury regulati4ns; but on2y to tl~e - trsated _ tent that avch~abligations are continuously~ r~ted in one af the . ex _ . . ~ ~wo highest arstin9 ~t$9ories of a. Ratin9 Agencys ~ tvi) certificates af depogiE in a state or national~ bank _ _ or $evings a»8 lonn as~ociation; : . _ - -2- _ " ROFfLUCIE-30)lA-1bt1Il16/8'7~, = ~ 604!( ; ~ ~ - i . - _ ~ ~ ~ f . _ _ . . . . . . . . ~ . . ' . • . _ - - _ Y . .___.___~w....~-'-.~..-.-..-.~ . . - _ . sa:~ . " ~ - . t.~} _ _ - . . 1--:.f~ - " _