(a) There is hereby established a Treasury Investment Board consisting of the Mayor, the Law Director and the Director of Finance.
(Ord. 1972-74. Passed 10-2-72.)
(b) Council hereby authorizes the Treasury Investment Board to invest funds of the City, as provided for in Ohio R.C. 731.56 et seq.
(c) Such investments shall not be made at a price in excess of the current market value of bonds or other interest-bearing obligations. Such bonds or other interest- bearing obligations may be sold for cash and for a sum not less than their current market price, in the manner prescribed in Ohio R.C. 731.57 et seq.
(d) In all respects such investments shall be made and administered in accordance with the provisions of Ohio R.C. 731.56 et seq.
(Ord. 1972-82. Passed 11-6-72.)