(A) When the Director of Finance shall submit to the City Manager a statement of monies in the treasury or in process of collection and a schedule showing the proper requirements of money for the use of the municipality for the ensuing 6-month period, together with a recommendation as to whether any monies in the treasury shall be invested, the City Manager together with the Solicitor, shall invest so much of the money as the Director of Finance has recommended be invested in the manner provided by R.C. § 731.57.
(B) The Director of Finance shall maintain an account to be known as the treasury investment account, in which shall be entered all transactions relating to the investment of treasury funds as herein provided, and shall furnish to the City Manager a duplicate of all items entered thereon as provided in R.C. § 731.58.
(C) All securities belonging to the municipal treasury purchased in accordance with the provisions of this section shall be in the custody of the Director of Finance and shall be kept by him or her in a safety deposit box as are other securities owned by the municipality, and properly segregated from other securities; the box shall be opened only in the presence of the City Manager and 1 of the other municipal officers hereinbefore mentioned.
(D) The officers named herein shall be bonded in amounts of not less than $2,000, but no officer who has already given bond in such an amount to the municipality shall be required to give an additional bond by reason of this section.
(1974 Code, § 36.07) (Ord. 26-69, passed 7-21-1969)