(a) In accordance with Ohio R.C. 731.56, 731.57, and 731.58, there is hereby created an account to be known as the Treasury Investment Account which shall be maintained by the Treasurer and in which there shall be entered all transactions related to the investment of treasury funds under Ohio R.C. 731.56 and 731.57. The Treasury Investment Account shall be maintained in accordance with the applicable provisions of Ohio R.C. 731.58.
(b) The Mayor, the Treasurer and Law Director of the City shall constitute the Treasury Investment Board, and in connection with the performance of their duties on the Board, the Mayor and the Treasurer shall be bonded, which bonds may cover other contingencies in which such offices might become liable to the City. It is hereby determined that the Law Director need not be bonded in connection with the performance of his duties on the Board.
(Ord. 17-32. Passed 10-18-17.)
EDITOR’S NOTE: See current Public Employee Bond Ordinance.