(a) There is hereby established a Treasury Investment Board consisting of the Mayor, Auditor and Director of Law.
(b) Whenever there are moneys in the treasury of the City which will not be required to be used for a period of six months or more, such moneys may, in lieu of being deposited in a bank or banks, be invested in accordance with the provisions of Ohio R.C. 731.56, 731.57, 731.58 and 731.59.
(c) The Investment Board is hereby authorized to invest in conformance with the provisions of Ohio R.C. 731.56, 731.57, 731.58 and 731.59 any public funds as described in subsection (b) hereof.
(Ord. 16-69. Passed 2-24-69.)