Ohio Revised Code
Chapter 739 | Trustees of Sinking Fund
Section 739.01 | Payment of Municipal Indebtedness - Sinking Fund.

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 pay the interest and provide a sinking fund for the extinguishment of all bonds issued and funded debts incurred prior to August 17, 1921, and the taxes so raised shall be used for no other purpose.

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