Ohio Revised Code
Chapter 3349 | Municipal Educational Institutions
Section 3349.18 | Application of Trust Funds.

Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
For the further endowment, maintenance, and aid of any municipal university, college, or other educational institution, the board of directors thereof, in the name and in behalf of the municipal corporation, may accept and take as trustee and in trust for such purposes any estate, property, or funds transferred to the municipal corporation for such use by any person or body corporate having them, or any annuity or endowment in the nature of income which may be covenanted or pledged to the municipal corporation for such use by any person or body corporate. Any person or body corporate having and holding any estate, property, or funds in trust or applicable for the promotion of education, or for the advancement of any of the arts or sciences, may convey, assign, and deliver them to such municipal corporation as trustee in its place, or covenant or pledge its income or any part thereof to it. Such estate, property, funds, or income shall be held and applied by such municipal corporation in trust for the further endowment, maintenance, and aid of such university, college, or other educational institution, in accordance with the terms and true intent of any trust or condition upon which they originally were given or held.

Structure Ohio Revised Code

Ohio Revised Code

Title 33 | Education-Libraries

Chapter 3349 | Municipal Educational Institutions

Section 3349.01 | Administration and Management of Municipal University.

Section 3349.02 | Board of Directors of University.

Section 3349.03 | Authority and Powers of Directors of Municipal University.

Section 3349.04 | Acquisition, Construction or Improvement of Buildings.

Section 3349.05 | Financing of University Facilities - Bonds.

Section 3349.06 | Bonds Are Lawful Investments.

Section 3349.07 | Agreements With United States.

Section 3349.08 | Liberal Construction of Statutes.

Section 3349.09 | Board May Confer Degrees.

Section 3349.10 | Village Solicitor or City Director of Law to Act as Attorney.

Section 3349.11 | Legislative Authority May Provide Site for Municipal University.

Section 3349.12 | Modification or Change of Grant.

Section 3349.13 | Annual Tax Levy for Municipal University - Rate - Application of Proceeds.

Section 3349.14 | Custody, Control, and Deposit of Funds.

Section 3349.15 | Construction and Improvement of Buildings.

Section 3349.16 | Board of Directors May Accept Educational Trusts.

Section 3349.17 | Exemption From Taxation.

Section 3349.18 | Application of Trust Funds.

Section 3349.19 | Trusteeship to Vest in Municipal Corporation.

Section 3349.20 | Accounts of Income and Expenditures.

Section 3349.21 | Investment of Funds.

Section 3349.22 | Citizens Not to Be Charged.

Section 3349.23 | Agreement With Board of Directors of Municipal University.

Section 3349.24 | County, Township, or Municipal Corporation Participation in University - Rights and Privileges.

Section 3349.241 | Agreement Between Board of Education and Board of Directors.

Section 3349.243 | Consolidation of School District Terminates Agreement.

Section 3349.25 | Municipal University Taxing District.

Section 3349.26 | Agreements Not to Limit Municipal Taxing Power.

Section 3349.27 | Agreements Between Boards of Municipal Educational Institutions and State Universities.

Section 3349.28 | Further Provisions in Agreements.

Section 3349.281 | Transfer of Institution to State Not to Reduce Employee Vacation Leave.

Section 3349.29 | Agreements to Be Approved by Legislative Authority.

Section 3349.30 | Illegality or Invalidity of Agreement Provisions.

Section 3349.31 | Agreements Providing for Establishment and Operation of Affiliated Units.

Section 3349.32 | Further Provisions in Affiliated Unit Agreements.

Section 3349.33 | Municipal University Serving as State-Affiliated Institution - Applicability of Laws.