(a) Council hereby makes the following findings with respect to the authorization and the establishment of the policies and procedures for the deposit and investment of public moneys in the City's treasury:
(1) The authorization and establishment of such policies and procedures are powers of local self-government that may be exercised by the City through its ordinances under Sections 3 and 7 of Article XVIII of the Ohio Constitution, and Article II and Article X Section 1 of the City's Charter; and
(2) The authorization and establishment of such policies and procedures are in the best interests of the City and its citizens to provide a more efficient management of the City's moneys and investments, and to enable the City to earn a greater yield on its investments and provide safeguards of the City's moneys.
(b) It is hereby determined that the Uniform Depository Act shall not apply to the City, except as it may be adopted by reference under this chapter and further provided that Ohio R.C. 135.11, pertaining to exemption from conflict of interest laws, shall apply to the City.
(c) Ohio R.C. 731.56 to 731.59 shall not apply to the City except as Ohio R.C. 731.59 is incorporated in part in Section 179.05(h).
(d) Unless incorporated by reference or otherwise made inapplicable in this chapter, no other provision of the Ohio Revised Code which is inconsistent or in conflict with this chapter shall apply to the City.
(Ord. 128-1984. Passed 9-10-84.)
(Ord. 128-1984. Passed 9-10-84.)