129.04 DEFINITIONS.

   As used in this chapter:

   (a)   "Public moneys" means all moneys in the Treasury of the City or moneys coming lawfully into the possession of the City's Director of Finance.

   (b)    "Eligible Depository" or "Eligible Depositories" means any institution mentioned in Ohio R.C. 135.03, that has an office situated within Cuyahoga County, Ohio, whose accounts are insured by the federal government or agency thereof.

   (c)    "Active Deposit" means a deposit of the City's Public Moneys payable or withdrawable, in whole or in part, on demand, or a deposit in a negotiable order of withdrawal account as authorized in the Consumer Checking Account Equity Act of 1980, 94 Stat. 146, 12 U.S.C.A. 1832(a).

   (d)    "Federal Deposit Insurance" means insurance on deposits provided by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation or other similar federal deposit insurance.

   (e)    "Trustee" means an independent financial institution approved by the Director of Finance to serve as trustee under a trust agreement therefor entered into between the City and such institution in a form approved by the Director of Law in connection with holding Collateral Securities or other securities for the City.

   (f)    "Uniform Depository Act" means Ohio R.C. 135 and any amendment or supplement thereto. Wherever any provisions of the Uniform Depository Act are made applicable under this chapter, such provisions are applicable only to the extent that they are not in conflict with or inconsistent with the City's Charter and ordinances or resolutions.

      (Ord. 2004-178. Passed 12-7-04.)