(a) Whenever there are moneys in the Treasury of the Village which will not be required to be used by the Village for a period of six months or more, such moneys may in lieu of being deposited in a bank or banks, be invested in obligations of the Village or in such other bonds or obligations as are or may be specified in Ohio R.C. Section 731.56, now in effect or as the same may from time to time be hereafter amended.
(b) Such investments shall be made in the manner pursuant to the terms and provisions set forth in Ohio R.C. 731.56 to 731.59.
(Ord. 1973-5. Passed 1-15-73.)