Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
All securities or evidence of debt held by the board of trustees of the sinking fund for the municipal corporation shall be deposited with the treasurer thereof, or with a safety deposit company within the municipal corporation, or, if none exists, then in a place of safety to be indicated or furnished by the legislative authority thereof, and when so deposited they shall be withdrawn only upon the application of three members and in the presence of at least two members of the city board, or upon the application and in the presence of at least two members of the village board.
Money shall be drawn by check only, which shall be signed by the president and at least two members of the board, and attested by the secretary or clerk.
Structure Ohio Revised Code
Title 7 | Municipal Corporations
Chapter 739 | Trustees of Sinking Fund
Section 739.01 | Payment of Municipal Indebtedness - Sinking Fund.
Section 739.02 | Trustees of the Sinking Fund.
Section 739.03 | Organization of Board of Trustees of Sinking Fund.
Section 739.04 | Duty of Board With Respect to Bonded Indebtedness of Municipal Corporation.
Section 739.05 | Auditor's or Clerk's Report to Board.
Section 739.06 | Report of Board to Legislative Authority.
Section 739.07 | Investment of Moneys.
Section 739.08 | Payment of Obligations by Board.
Section 739.09 | Deposit and Withdrawal of Funds.
Section 739.10 | Powers and Duties - Investigation.
Section 739.11 | Records and Accounts.
Section 739.12 | Board of Tax Commissioners.
Section 739.13 | Record of Proceedings - Clerk.
Section 739.14 | Powers and Duties of Board of Tax Commissioners.