(A) Whenever there are moneys in the treasury of the city which will not be required to be used by Cheviot for a period of 6 months or more, such moneys may be invested in obligations of Cheviot, obligations made eligible for the deposit or investment of interim moneys of subdivisions of the state under R.C. § 135.14, or in such other investments as may be provided by the Revised Code of the State of Ohio.
(B) When it is determined that there are surplus moneys in the city treasury available for investment, and such investment is recommended, the mayor, the auditor, and the city solicitor may order the investments of moneys in the treasury in such obligations, at not more than the current market value, as they may deem advisable for the city, all in accordance with the Revised Code of the State of Ohio.
(R.C. § 731.56) ('73 Code, § 30.05)