Whenever there are moneys in the City Treasury which will not be required to be used for a period of six months or more, the moneys may, in lieu of being deposited in a bank or banks, be invested in accordance with the provisions of Ohio R.C. 731.56, 731.57, 731.58 and 731.59. Investments so purchased shall be sold in accordance with Ohio R.C. 731.57.
(Ord. 617. Passed 1-23-67.)