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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1711.19 | Bonds.

Ohio Revised Code
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Title 17 Corporations-Partnerships
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Chapter 1711 Agricultural Corporations; Amusement Rides
 
Effective:
May 13, 1981
Latest Legislation:
House Bill 95 - 114th General Assembly
PDF:
Download Authenticated PDF
 

If a majority of the voters of a county voting upon the question of issuing bonds under section 1711.18 of the Revised Code vote in favor thereof, the board of county commissioners, for the purpose of liquidating the county agricultural society's indebtedness, shall issue and sell bonds of the county in the amount necessary. Such bonds shall bear interest at not more than the rate provided in section 9.95 of the Revised Code, payable semiannually, and shall be issued for a period of not less than ten nor more than twenty years.

From the proceeds arising from the sale of such bonds, the board shall pay off the indebtedness for which such bonds were sold.

Available Versions of this Section