Urban renewal bonds issued under sections 725.01 to 725.11 of the Revised Code are lawful investments of banks, savings banks, savings and loan associations, trust companies, trustees, fiduciaries, trustees or other officers having charge of sinking or bond retirement funds of municipal corporations and other subdivisions of this state, and of domestic insurance companies.
Bonds are lawful investments
Ohio Rev. Code Ann. § 725.10, under Chapter 725 | Urban Renewal Debt Retirement Fund.
Ohio Rev. Code Ann. § 725.10