SECTION 10.07  Investment of Municipal Funds.
   An Investment Committee of three (3) members shall be established with its membership composed of the Administrator, the Law Director and one (1) councilman selected by a majority vote of the Council to serve at the pleasure of Council.  This Committee shall have the power and responsibility to determine the manner of investment of all municipal funds, and shall have the power to make such investments of all municipal funds, as are in the best interest of the Municipality.
   All investments shall be made in accordance with Ohio law, with the exception that inactive funds may be invested for periods of time not to exceed five (5) years.