(a) The Director of Finance is authorized to maintain an account known as the Treasury Investment Account in which he shall enter all transactions relating to the investment of treasury funds, pursuant to Ohio R.C. 731.56 and 731.57. He shall maintain a record of all items entered thereon, showing all bonds or other securities purchased or sold for the treasury account, with the number, maturity, date and interest rate of each and the number and maturity of interest coupons. Whenever any such securities or interest coupons are due, he shall issue his order for their collection, in the same manner as other receipts are collected.
(b) The Mayor, Director of Finance and Director of Law are authorized and directed to make all necessary treasury transactions in the manner provided by Ohio R.C. 731.57.
(Ord. 1954-21. Passed 4-12-54.)