The investment of surplus funds of the city shall be performed in accordance with the legislatively adopted investment policy of the city, originally adopted by Ordinance 97-194. Such investment policy may be amended by action of Council. Specifically, all public funds must be invested in a manner which will provide maximum safety and preservation of principal, while meeting all the liquidity and operating demands, at reasonable market rates of interest. All investments made will conform to all applicable laws and regulations governing the investment of public monies including Ohio R.C. Section 135.
(Ord. 2685. Passed 12-28-59; Ord. 2000-140. Passed 9-5-00.)