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232.04  AUTHORITY FOR MAKING AND REDEMPTION OF INTERIM DEPOSITS.
   (a)   The following City officials, in the order indicated, are hereby authorized to act with full power to make and redeem interim deposits in public depositories selected by the City and to execute and deliver any instrument necessary to effectuate the authority hereby conferred:
      (1)   Director of Finance
      (2)   Mayor
      (3)   Council President (in the Mayor's absence)
      (4)   Director of Law
   (b)   The making and redeeming of interim deposits encompass activities such as depositing, withdrawing, rolling over, closing and designating the disposition of funds, including giving instructions to wire transfer funds.
   (c)   Withdrawals shall be limited to those whereby the proceeds are remitted only to nonpayroll checking, savings or investment accounts maintained by the City in either its selected public depositories or with the State Treasury Asset Reserve of Ohio (STAR OHIO).
   (d)   Those public depositories selected by the City are hereby authorized to honor personal, telephonic, telegraphic or written instructions received from any one of the City officials authorized in subsection (a) hereof to act on behalf of the City in making and redeeming interim deposits. 
(Res. 72-88.  Passed 3-28-88.)