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Whenever there are moneys in the treasury of the city which will not be required for use for a period of six months or more, such moneys may, in lieu of being deposited in a bank or banks, be invested and such investments sold in accordance with the provisions of R.C. §§ 731.56 et seq.
(2003 Code, § 37.01) (Ord. 1865, passed 9-15-1966)