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133.04 FIRE DAMAGED STRUCTURE; REMOVAL OR REPAIR SECURING FUND.
The Municipality hereby authorizes the procedure described in Ohio R.C. 3929.86 (c) and (d) to be implemented whereby no insurance company doing business in the State shall pay a claim of a named insured for fire damage to a structure located within this Municipality unless there has been full compliance with the applicable provisions of Ohio R.C. 3929.86. The Director of Finance is hereby designated as the officer authorized to carry out the duties of Ohio R.C. 3929.86. The Clerk of Council shall file a certified copy of this section with the State Superintendent of Insurance.
(Ord. 87-12. Passed 11-23-87.)
133.05 INVESTMENT INTEREST CREDITED.
All interest earned by the investment of pooled cash or other resources of the Municipality shall be credited to the General Fund to be used to finance the general services of the Municipality.
(Ord. 87-36. Passed 11-16-87.)