A. United States bonds;

B. United States certificates of indebtedness;

C. Bonds or warrants of the state;

D. General obligation or utility revenue bonds or warrants of the city or of any other city or town in the state;

E. The city’s own bonds or warrants of a local improvement or condemnation award district, which is within the protection of the local improvement guarantee fund law;

F. Account or accounts in savings and loan associations up to the amount of the insurance afforded such accounts by the Federal Savings and Loan Insurance Corporation;

G. Savings or time account or accounts in banks, trust companies, and mutual savings banks up to the amount of insurance afforded such accounts by the Federal Deposit Insurance Corporation;

H. Repurchase agreements with local banks according to current state auditors’ ruling. (Ord. 796 § 1, 1976).