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Whenever there are moneys in the City treasury which will not be required to be used for daily transactions, such moneys may, in lieu of being deposited in a bank or banks, be invested in accordance with the provisions of the Ohio Revised Code. Investments so purchased shall be sold in accordance with the Ohio Revised Code and the interest therefrom shall be credited to the General Fund.
(Ord. C6-83. Passed 2-21-83.)