Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly As used in sections 761.01 to 761.14, inclusive, of the Revised Code: (A) “Municipal corporation” means any municipal corporation, including those which have adopted a charter under Section 7 of Article XVIII, Ohio Constitution. (B) “Project” means any site, structure, or facility […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly For the purpose of promoting the industrial and economic development of this state, any municipal corporation may acquire real property and personal property in connection therewith by purchase, purchase at foreclosure, construction, or exchange on such terms and in such manner as […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly A municipal corporation purchasing or constructing a project pursuant to section 761.02 of the Revised Code, may; (A) Issue revenue bonds payable solely from revenues as provided in sections 761.01 to 761.14, inclusive, of the Revised Code; (B) Make and enter into […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly Revenue bonds issued under section 761.03 of the Revised Code, shall be in such form and shall be sold in such manner and upon such terms as determined by the legislative authority of the municipal corporation issuing such bonds. Such bonds may […]
Effective: June 26, 1969 Latest Legislation: Senate Bill 245 – 108th General Assembly Moneys derived from the sale of revenue bonds issued pursuant to sections 761.01 to 761.14, inclusive, of the Revised Code shall be credited to and among the funds established in accordance with sections 761.10 and 761.11 of the Revised Code. The principal […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly The proceeds of each issue of revenue bonds issued pursuant to sections 761.01 to 761.14, inclusive, of the Revised Code, shall be used for the purchase or construction of a project and the necessary expense of preparing, printing, and selling said bonds, […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly Revenue bonds issued under sections 761.01 to 761.14, inclusive, of the Revised Code, do not constitute a debt, or a pledge of the faith and credit of the issuing municipal corporation, but such bonds shall be payable solely from the revenue derived […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly Revenue bonds issued under sections 761.01 to 761.14, inclusive, of the Revised Code, are lawful investments of banks, savings banks, building and loan and savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, trustees or other officers having charge of […]
Effective: February 21, 1967 Latest Legislation: House Bill 1 – 107th General Assembly Bonds issued under sections 761.04 to 761.14, inclusive, of the Revised Code, may be secured by a trust agreement between the municipal corporation and a corporate trustee, which trustee may be any trust company or bank having the powers of a trust […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly All rentals received under leases of a project made by the municipal corporation, and all proceeds of the sale or other disposition of a project of the municipal corporation, after paying the necessary expenses including expenses of maintenance and repair which the […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly Municipal corporations issuing revenue bonds as provided in sections 761.01 to 761.14, inclusive, of the Revised Code, shall establish a purchase fund to consist of all money appropriated by the municipal corporation for the purchase and improvement of property authorized to be […]
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly Moneys in the funds established under sections 761.10 and 761.11 of the Revised Code, except as otherwise provided in any ordinance authorizing such revenue bonds or in any trust agreement securing such bonds, in excess of current needs, may be invested in […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly In the event of a default with respect to any lease, the municipal corporation shall take such action as it deems proper in the circumstances to enforce and protect the rights of the municipal corporation and such action as may be required […]
Effective: November 1, 1965 Latest Legislation: House Bill 933 – 106th General Assembly If the legislative authority of the municipal corporation finds that the bonds authorized will be insufficient to provide the project to be leased or sold, additional bonds may be authorized and issued in the same manner as the bonds issued under sections […]
