(a) Whenever there are moneys in the Treasury of the City which will not be required to be used by the City for a period of six months or more, such moneys may, in lieu of being deposited in a bank, be invested in obligations of the City and in such other bonds or other obligations specified in Ohio R.C. 731.56, as now in effect or as the same may from time to time be hereafter amended.
(b) Such investments shall be made in the manner and pursuant to the terms and provisions set forth in Ohio R.C. 731.56 to 731.59, inclusive.
(Ord. 24-63. Passed 11-26-63.)