135.03 INVESTMENT OF FUNDS.
   Whenever there are moneys in the City Treasury not required for use by the City for a period of six months or more, the moneys may, in lieu of being deposited in a bank, be invested in City obligations in the manner and in accordance with the limitations prescribed in Ohio R.C. 731.56 et seq. The requirements of Ohio R.C. 731.56 to 731.59 shall be fully complied with.
(1967 Code §37.01)