(A) Pursuant to R.C. § 731.56, it is hereby stipulated that any and all surplus monies of the village be invested under the terms of R.C. § 731.56.
(B) To comply with the provisions of R.C. §§ 731.56 and 731.57, the Clerk of Council is to provide to the Mayor and to the Village Solicitor a statement of monies in the treasury or in the process of collection, and a schedule showing the probable requirements of money for the use of the municipal corporation for a period of not less than six months as the ordinance under R.C. § 731.56 or as the chief executive officer directs, together with a recommendation as to whether any monies in the treasury shall be invested in such obligations, within 30 days of the passage of this section and thereafter every six months in a continuing fashion.
(Ord. 13-1981, passed 7-7-1981)