Whenever there are moneys in the Treasury of the Municipality which will not be required to be used by the Municipality for a period of six months or more, such moneys may in lieu of being deposited in a bank or banks, be invested in obligations of the Municipality or in such other bonds or obligations as may be specified in Ohio R. C. 731.56.
The investments shall be made in accordance with the terms and provisions set forth in Ohio R.C. 731.56 to 731.59, inclusive. (Ord. 1971-13. Passed 4-6-71.)