(A)
The Finance Officer/Tax Commissioner, the Mayor, the Law Director, members of Council or any other officer or employee of the City, and their bondsmen or sureties shall be relieved from any liability for the loss of any public moneys deposited or invested pursuant to and in compliance with this chapter, including, but not limited to, losses occasioned by the failure of any depository.
(B) R.C. Section 731.55 shall be applicable to the City and the insurance authorized by such section may be procured by the Mayor and the costs of such insurance shall be paid by the City by ordinance adopted by Council.
(Ord. 73-1988, passed 12-7-88; Am. Ord. 03-2024, passed 2-7-24)