The Village is empowered by statues of the State of Ohio to invest in the following types of securities:
(a) Securities of the U.S. Government, or its agencies, or its instrumentality's;
(b) Certificates of Deposit (or similar products) placed with commercial banks and/or savings and loans located within the State of Ohio;
(c) Bankers acceptances;
(d) Repurchase agreements with institutions that have signed a written master repurchase agreement which is on file in the Finance Director's office and are eligible for investment under State of Ohio statutes.
(e) Shares of the State Treasury Asset Reserve of Ohio (STAROHIO);
(f) Other investments that are or may become, legal investments through the State of Ohio Statutes.
(Ord. 1418. Passed 5-22-00.)