133.01  INVESTMENT OF FUNDS.
   (a)   The Municipal Administrator, as Chief Fiscal Officer, is authorized to establish a Treasury Investment Account to invest surplus public funds of the Municipality which are not required for a period of six months or longer, such funds to be invested only in securities or other obligations allowed by law and referred to in Ohio R.C. 731.56.
   (b)   Funds so invested will be accounted for by the Municipal Administrator in a Treasury Investment Account, and the securities and other obligations will be held as provided by law in Ohio R.C. 731.57 to 731.59.
   (c)   Interest payable on securities or other obligations held in the Treasury Investment Account may be credited to the General Fund unless otherwise specifically directed by Council or required by law.
(1980 Code 31.02; Ord. 28-90.)