(a) "Active deposit" means a deposit of the City's public moneys payable or withdrawable, in whole or in part, on demand, or a deposit in a negotiable order of withdrawal account as authorized in the Consumer Checking Account Equity Act of 1980, 94 Stat. 146, 12 U.S.C.A. 1832(a).
(b) "Eligible depository" or "eligible depositories" means any institution mentioned in Ohio R.C. 135.03, that has an office situated within Cuyahoga County, Ohio, whose accounts are insured by the federal government or agency or instrumentality thereof.
(c) "Public moneys" means all moneys in the treasury of the City or moneys coming lawfully into the possession of the City's Director of Finance.
(d) "Uniform Depository Act" means Ohio R.C. Chapter 135 and any amendment or supplement thereto. Wherever any provision of the Uniform Depository Act is made applicable under this Chapter 129, such provisions are applicable only to the extent that they are not in conflict with or inconsistent with the City's Charter and ordinances or resolutions.
(Ord. 44-85. Passed 11-18-85.)