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ORDINANCE N0. ;~ ~,3 <br />BY: Nir. ~ AN ORDINANCE AUTHOa-~IZING INVESThfiENT <br />OF TREASURY FUNDS. <br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF I~URTH ULI~STED, <br />STATE OF OHIO: <br />Section 1. Whenever there are moneys in the treasury of <br />the City of North Olmsted, Ohio, which will not be required to be used <br />for a period of six months or more, such moneys may, in lieu of being <br />deposited in a rank or ba nks, be invested in accordance with the pro- <br />visions of Sections 731.56, 731.57, 731.5$ and 731.59• Investments <br />so purchased shall be sold in accordance with Section 731.57 of the <br />Revised Code of Ohio. <br />Section 2. This ordinance shall take effect and be in <br />force from and after the earliest period allowed by law. <br />PASSED: February ~''~, 1957. <br />ATTEST: <br />-`''~ <br />E. Christman, Cler o ounci <br />APP~tOVED <br />Charles B. ewis yayor <br />