Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Municipal corporations having outstanding bonds or funded debts shall, through their legislative authorities, and in addition to all other taxes authorized by law, levy and collect annually a tax upon all the real and personal property in the municipal corporation sufficient to […]
Effective: March 20, 2019 Latest Legislation: House Bill 291 – 132nd General Assembly In each municipal corporation there shall be a board, designated as the “trustees of the sinking fund,” which shall have the management and control of the sinking fund established under section 739.01 of the Revised Code. In cities, such board shall consist […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The members of the board of trustees of the sinking fund of a municipal corporation, immediately after their appointment and qualification, shall elect one of their number as president and another as vice-president, who, in the absence or disability of the president, […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The city auditor or clerk of a village shall, upon demand of the board of trustees of the sinking fund, report to it a full and detailed statement of the outstanding indebtedness of the municipal corporation for bonds issued, and the board […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The city auditor or clerk of the village shall, upon demand of the board of trustees of the sinking fund, report to the board the balances belonging to such municipal corporation, to the credit of the sinking fund, interest accounts, or for […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly On or before the first Monday in May of each year, the board of trustees of the sinking fund shall certify to the legislative authority of the municipal corporation the amount of tax necessary to provide a sinking fund for the future […]
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly The board of trustees of the sinking fund shall invest all moneys received by it in bonds of the United States, of this state, or of any municipal corporation, school, township, or county of this state, and shall hold in reserve only […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund shall have charge of and provide for the payment of all bonds issued by the municipal corporation and the interest maturing thereon. Such board shall receive from the city auditor or the clerk of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly All securities or evidence of debt held by the board of trustees of the sinking fund for the municipal corporation shall be deposited with the treasurer thereof, or with a safety deposit company within the municipal corporation, or, if none exists, then […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund may investigate all transactions involving or affecting the sinking fund of any branch or department of the municipal government, and shall have such other powers and perform such other duties, not inconsistent with the […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund shall keep a complete record of its transactions, a complete record of the funded debt of the municipal corporation specifying the dates, purposes, amounts, numbers, maturities, rates, maturities of interest installments thereof, where payable, […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In each city, the trustees of the sinking fund shall be a board of tax commissioners, but as members of such board they shall receive no compensation for their services. The members of such board, as such, shall take an oath to […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of tax commissioners shall keep a complete record of all its proceedings. The city auditor shall be clerk of the board, but shall receive no additional salary or compensation for such services. He shall enter in a book, to be […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Upon receipt of the levies made by the legislative authority of the municipal corporation, the board of tax commissioners shall consider them and within ten days after such receipt shall return them to the legislative authority with its approval or rejection. In […]
