(a) The Director of Finance, the City Treasurer, the Director of Law, the Mayor and members of City Council and their bondsmen or sureties shall be relieved from any liability for the loss of any public monies deposited or invested pursuant to and in compliance with this chapter, including but not limited to losses occasioned by the failure of any eligible depository.
(b) The provisions of RC 731.55 shall be applicable to the City and the insurance authorized by such section may be procured by the Mayor and the costs of such insurance shall be paid by the City.
(Ord. No. 2353-93. Passed 2-14-94, eff. 2-23-94)