Whenever there are monies in the City Treasury which are not required to be used for a period of six months or more, such monies may, in lieu of being deposited in a bank or banks, be invested in accordance with the provisions of Ohio R.C. 731.56 et seq. Investments so purchased shall be sold in accordance with Ohio R.C. 731.57.
(Ord. 40-71. Passed 6-7-71.)