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The money held in the guaranty fund may be invested in any lawful investment of city funds and the city treasurer is authorized and directed to pay into the guaranty fund all interest received from the investment of money on deposit in the guaranty fund as well as any surplus remaining in any local improvement fund after the payment of all outstanding bonds, warrants or other short-term financing payable out of such local improvement fund. (Ord. 1553-89 § 2.)