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<br />of obligations which are hereby determined to be <br />eligible for investment: <br /> <br />(I) bonds, notes or other obligations of or <br />guaranteed by the United States, or those <br />for which the faith of the United States <br />is pledged for the payment of principal <br />and interest thereon; <br /> <br />(2) bonds, notes, deb~ntures or other obliga- <br />tionsor securities issued by any federal <br />government agency or the export-import <br />bank of Washington; <br /> <br />(3) discount notes of the federal national <br />mortgage association and bonds issued by <br />the. homeowners' loan corporation as de.,... <br />fined in Section 731. 56 of the Revised <br />Code of Ohio; <br /> <br />(4) bonds and notes of the State of Ohio; <br /> <br />(5) bonds and notes of any municipal corpo~a- <br />tion, including~the City, county, township <br />or other political subdivisions of Ohio as <br />to which there is no default of principal, <br />interest or coupons; <br /> <br />(6) the Director of Finance or his designee <br />may enter into a repurchase agreement with <br />any eligible institution mentioned in <br />Section 135.03 of the Revised Code of <br />Ohio, if, and only if, under the terms of <br />which agreement the Director Df Finance or <br />his designee purchases for the City and <br />such institution agrees unconditionally to <br />repurchase within a periDd of thirty days <br />securities that are direct obligations Df, <br />or are fully guaranteed as to principal <br />and interest by, the United States govern- <br />ment or agencies thereDf that will mature <br />Dr are redeemable within five years frDm <br />the date of purchase; <br /> <br />(7) certificates Df deposit Df Eligible DepDs- <br />itories which may prDvide (and, if SD, <br />shall be shown on its face) that the <br />amDunt Df such deposit is payable upDn <br />written notice a specified period befDre <br />the date of the repayment maturity; <br /> <br />(8) insured deposit accounts in Eligible <br />DepDsitDries paying interest at a rate <br />greater than the interest rate paid Dn the <br />City's Active Deposits, provided that such <br />investments must be apprDved in writing by <br />the Director Df Finance and Director of <br />Law and that such apprDval by the pirectDr <br />of Finance and DirectDr of Law shall alsD <br /> <br />-6- <br />