The Manager, with authorization of the Investment Board, may direct investments of any surplus, reserve, or inactive funds into such investments as are permitted by the general laws of Ohio. Such investments shall be supervised by the Investment Board consisting of the Manager, Director of Finance, and three (3) members of Council. Each council member's term or said Board shall expire on the date of expiration of his/her term as council member.
(Adopted by electorate, May 4, 1993)