Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The board of directors of a municipal university, college, or other educational institution may invest and hold any part of the funds belonging to or set apart for the use of such institution or to any department thereof, as it deems proper, in bonds of the United States, or of this state, or of any municipal corporation of this state, or any county, or school district herein, or in bonds of any other state or territory of the United States, or of any municipal corporation, county, or school district in such other state or territory, or in real estate or securities approved by it, and may use any funds, including those arising from sales of any property sold under section 3349.03 of the Revised Code, provided the terms of the trust do not prohibit such use, in the improvement of any real or leasehold estate belonging either to the particular trust of which the property sold was part or to any other trust under its control and management; or in the improvement of any real or leasehold estate set apart for the use of such institution.
Structure 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 3349.241 | 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 3349.28 | 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.