Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Before a sale referred to in section 4969.12 of the Revised Code is made, notice thereof shall be given by publication, for six consecutive weeks, in some newspaper published and of general circulation in each of the counties through or in which such railroad is located, and also in some newspaper published and of general circulation in each of the cities of New York and Cincinnati, for at least thirty days prior to the day of sale. The sale shall not be made for less than two thirds of the appraised value of the property and rights, unless, upon their having been twice offered and not sold, the court orders a reappraisement.
Structure Ohio Revised Code
Chapter 4969 | Railroad Sales; Railroad Receivers
Section 4969.01 | Sale of Roadbed and Right of Way.
Section 4969.02 | Consent to Sale by Stockholders.
Section 4969.03 | Dissenting Stockholder May Retain Interest.
Section 4969.04 | Title Vests in Grantee.
Section 4969.05 | Certain Contracts of Sale Void Unless Recorded.
Section 4969.06 | Parties May Provide for a Conditional Sale in a Lease.
Section 4969.07 | Sale of Equipment.
Section 4969.09 | Application of Funds - Lien.
Section 4969.10 | Receiver Must Deposit Money.
Section 4969.11 | Venue - Service.
Section 4969.12 | Certain Railroads May Be Sold at Judicial Sale.
Section 4969.13 | Receiver Must Petition for Sale.
Section 4969.14 | Order for Appraisement.
Section 4969.15 | Notice of Sale to Be Published.
Section 4969.16 | Confirmation of Sale and Deed - Distribution of Proceeds.
Section 4969.17 | Who May Purchase Property.
Section 4969.18 | Purchaser May Acquire Franchise.
Section 4969.19 | Purchaser at Judicial Sale May Sell Railroad.
Section 4969.20 | Any Number of Persons May Purchase and Incorporate.
Section 4969.21 | May Issue Stock and Bonds to Pay Purchase Price.