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The City Council by a majority vote of its total membership shall select, appoint, contract with and fix the compensation of a qualified individual for the position of Finance Director. The Finance Director shall establish legal residency within the City within six (6)-months after the assumption of duties. Such six (6)-month period may be extended by Council due to special circumstances, as may be determined by Council. The Finance Director shall perform the functions customarily assigned to the Auditor and Treasurer under the general laws of the State of Ohio for municipal accounting, collection of taxes, accounts and assessments and control of disbursements.