In lieu of deposit in a bank, funds which will not be required for use by the City for a period of six months or more, may be invested in obligations of such municipal corporation, obligations made eligible for the deposit or investment of interim moneys of subdivisions of the State under Ohio R.C. 135.14, bonds of this State, and bonds of any municipal corporation, county, township or other political subdivision of this State, as to which there is not default of principal, interest or coupons.
(Ord. 129-93. Passed 12-13-93.)