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<br />order to open such safety deposit box or vault shall <br />direct the deposit or removal of such securities, <br />obligations or certificate of deposit, clipping of <br />coupons or other official business reason for open- <br />ing the box or vault. A report of what is placed <br />in~ removed from or other official business con- <br />ducted shall~ on the same day of the opening of the <br />box or vault, be signed by the officer witnessing <br />such opening and the Director of Finance, and such <br />report shall be retained by the Director of Finance. <br /> <br />In lieu of such custody, the Director of <br />Finance may deposit such securities; obligations or <br />certificates of deposit with a qualified trustee as <br />set forth in Sections 135.18(1) or 135.181(F) of the <br />Revised Code of Ohio. <br /> <br />Notwithstanding the two preceding paragraphs, <br />the: Director of Finance ~ is not required to take <br />custody or provide for the deposit of securities <br />acquired under a repurchase agreement. <br /> <br />Interest earned on any investments, including <br />certificates of deposit, authorized by this section <br />shall be collected by the Director of Finance and <br />credited by him to the proper fund öf the City as <br />required by ,law. <br /> <br />(h) Upon the expiration of the term of office <br />of the Director of Finance or in the event of a <br />vacancy in the office of the Director of Finance by <br />reason af death, resignation~ removal from office or <br />citherwise~ the Director of ·Finance or his legal <br />representative shall transfer and deliver to his <br />successor all securities, obligations and certifi.,.. <br />cates of deposit held by him. For the securities, <br />obligations and certificates of deposit so trans- <br />ferred and delivered, such Director of Finance shall <br />be credited with and his successor shall be charged <br />with the amount of money invested in suchsecu'ri- <br />ties, obligations and certificates of deposit. <br /> <br />(i) Whenever securities, obligations pr cer.,.. <br />tificates of deposit acquired under this section <br />mature and beçame due and payable, the Director of <br />Finance shall present them for payment according to <br />their tenor, and shall collect the moneys payable <br />thereon. The moneys so collected shall be treated <br />as Public Moneys subject to the provisions of this <br />Chapter 129 of the Codified Ordinances. <br /> <br />(j) The Director of Finance or his designee <br />shall maintain accounts in whîch he shall make <br />appropriate entries of all transactions relating to <br />the investment of treasury funds. The Director of <br />Finance or his designee shall keep a record of the <br />number and maturity of interest coupons on instru- <br />ments in which the City has invested. <br /> <br />-8- <br />