Section 4981.17 | Securing Bonds by Trust Agreement or Indenture of Mortgage.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) In the discretion of the Ohio rail development commission, the bonds may be secured by a trust agreement or indenture of mortgage between the issuer and a corporate trustee, which may be any trust company or bank having the powers of […]
Section 4981.18 | Protection and Enforcement of Rights of Bondholder and Trustees.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) Any holder of bonds issued pursuant to sections 4981.11 to 4981.26 of the Revised Code or a trustee under a trust agreement or indenture of mortgage entered into pursuant to section 4981.17 of the Revised Code, except to the extent that […]
Section 4981.19 | Bonds Are Lawful Investments.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly All bonds issued under sections 4981.11 to 4981.26 of the Revised Code are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, […]
Section 4981.20 | Rail Development Commission Property Subject to Taxation and Zoning, Planning, and Building Regulations and Fees.
Effective: October 21, 2003 Latest Legislation: Senate Bill 37, House Bill 95 – 125th General Assembly (A) Any real or personal property, or both, of the Ohio rail development commission that is acquired, constructed, reconstructed, enlarged, improved, furnished, or equipped, or any combination thereof, and leased or subleased under authority of sections 4981.11 to 4981.26 […]
Section 4981.21 | Special Assessment Installments.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly When a special assessment is made on real property owned by the Ohio rail development commission and leased under authority of sections 4981.11 to 4981.26 of the Revised Code, the installments of the assessment shall be paid by the lessee of such […]
Section 4981.22 | Issuing Refunding Bonds.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly The Ohio rail development commission may issue refunding bonds to refund any bonds it previously issued under sections 4981.11 to 4981.26 of the Revised Code, for any of the following purposes: (A) Refunding bonds which have matured or are about to mature […]
Section 4981.24 | Conveying Public Property to Rail Development Commission.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly Any political subdivision, taxing district, or other public body of this state, without competitive bidding, may convey or exchange with the Ohio rail development commission, for use in connection with a project, any or all of its interests in real or personal […]
Section 4981.25 | Designation of Corporation as Agent of State.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly In accordance with Section 13 of Article VIII, Ohio Constitution, the state, acting through the Ohio rail development commission, for the purpose of implementing rail service, may by resolution designate a corporation organized under Chapter 1702. or 1724. of the Revised Code […]
Section 4981.15 | Bonds Not a Debt of State.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) The Ohio rail development commission, from time to time, may issue bonds in such principal amounts as the commission finds necessary to finance one or more rail service projects. Sections 9.98 to 9.983 of the Revised Code are hereby made applicable […]
Section 4981.16 | Determinations in Connection With Issuance of Bonds.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly The Ohio rail development commission may make the following determinations in connection with any issuance of its bonds: (A) The number, location, and other characteristics of projects, including to the extent reasonably possible, assurance that the projects to be financed by bonds […]