Laserfiche WebLink
bonds issued by the homeowners' loan <br />corporation as defined in Ohio R.C. <br />731.56; <br /> <br />(4) <br /> <br />(5) <br /> <br />Bonds and notes of the State; <br /> <br />Bonds and notes of any municipal <br />corporation, including the City, <br />county, township or other political <br />subdivisions of Ohio as to which <br />there is no default of principal, <br />interest or coupons; <br /> <br />(6) <br /> <br />The Director of Finance or his <br />designee may enter into a repurchase <br />agreement with any eligible <br />institution' mentioned in Ohio R.C. <br />135.03, if and only if, under the <br />terms of which agreement the <br />Director of Finance or his designee <br />purchases for the city and such <br />institution agrees unconditionally <br />to repurchase within a period of <br />thirty days securities that are <br />direct obligations of, or are fully <br />guaranteed as to principal and <br />interest by, the United States <br />government or agencies thereof that <br />will mature or are redeemable within <br />five years from the date of <br />purchase; <br /> <br />(7) <br /> <br />Certificates of deposit of eligible <br />depositories which may provide (and, <br />if so, shall be shown on its face) <br />that the amount of such deposit is <br />payable upon written notice a <br />specified period before the date of <br />the repayment maturity; <br /> <br />(8) <br /> <br />Insured deposit accounts in eligible <br />depositories paying interest at a <br />rate greater than the interest rate <br />paid on the City's active deposits, <br />provided that such investments must <br />be approved in writing by the <br />Director of Finance and Director of <br />Law and that such approval by the <br />Director of Finance and Director of <br />Law shall also include approval of <br />the insurance provided to secure and <br />protect the City's ability to <br />recover the principal deposited in <br />such deposit account. <br /> <br />(9) <br /> <br />the treasurer's investment pool of <br />the State of Ohio, as defined in <br />R.C. 134.45. <br /> <br />(10) <br /> <br />The Secured Asset Fund Earnings <br />Program (SAFE) of the Cuyahoga <br />County Investment Committee. <br /> <br /> Section 2. It is found and determined that all <br />formal actions of this Council concerning and relating to <br />the passage of this ordinance were adopted in an open <br />meeting of this Council, and that all such deliberations <br />of this Council and of any aof its committees that <br />resulted in such formal action were in meetings open to <br />the public in compliance with all legal requirements. <br /> <br /> <br />