(a) Time deposits, certificates of deposit or savings accounts which qualify as interim deposits defined in R.C. § 135.01 shall be deposited with:
(1) Eligible depositories with which this village has valid depository contracts under R.C. Chapter 135.
(2) The Ohio Subdivision Trust Fund (STAR OHIO).
(3) Treasury bills, notes, bond, or other obligations with a maturity date o five years or less which are issued by or guaranteed as to principle and interest by the United States.
(b) All brokers, dealers, and financial institutions executing transactions with this village shall be required to read this policy, receive a copy thereof, and acknowledge in writing their receipt and comprehension thereof.
(Res. 2145, passed 10-7-96)