Ohio Revised Code
Chapter 9 | Miscellaneous
Section 9.96 | Issue Public Securities.

Effective: October 30, 1989
Latest Legislation: House Bill 230 - 118th General Assembly
(A) The authority granted by this section is in addition to and not a limitation upon other authorizations granted by or pursuant to law or the Ohio Constitution.
(B) An issue of securities lawfully authorized by any public issuer may be issued in, and authorized to be represented by, either or both or a combination of the following forms of fully registered securities:
(1) In certificated form represented by an instrument;
(2) In book entry or other uncertificated form under which the right to principal and interest may be transferred only through a book entry.
(C) A public issuer may contract for the services of, or otherwise authorize, a qualified financial institution or other person within or without the state, another issuer, or a regional council of governments organized under Chapter 167. of the Revised Code, to perform any of the following duties or functions related to an issue of securities:
(1) Issuance, authentication, transfer, registration, exchange, custodial, clearing, mechanical, and clerical;
(2) Record or bookkeeping or book entry;
(3) Preparation, signing, and issuance of checks or warrants, or electronic funds transfers authorized by section 9.37 of the Revised Code, in payment of debt charges;
(4) Preparation and maintenance of reports and accounts;
(5) Any other duties or functions related to the issuance, delivery, authentication, deposit, custody, clearing, record keeping, registration, transfer, exchange, fractionalization, replacement, payment, or security.
The costs of those functions, whether incurred under a contract or other authorization or by direct performance by the public issuer, may be paid from the proceeds of the principal received from the sale of those securities or from other funds lawfully available for the purpose, including taxes or special assessments levied or other revenues collected to pay debt charges on the securities, or any combination of those sources, and appropriated in accordance with law for that purpose. The records of ownership, registration, transfer, and exchange of securities, by whomever kept, and of persons to whom payment of debt charges on securities is made, shall not be public records under section 149.43 of the Revised Code.
(D) Unless otherwise provided in the proceedings relating to the securities, in the case of securities originally issued on or after January 1, 1983, the following apply:
(1) Notwithstanding any other provision of law, a public issuer shall not be required to reissue or exchange the securities in the form of securities having coupons attached or payable as to either principal or interest to other than the registered owner;
(2) Those securities may be exchanged for securities in the form of fully registered securities, certificated or in book entry form, but in book entry form only if the public issuer has authorized the issuance or reissuance of the securities in book entry form, and of denominations authorized by the public issuer aggregating the same amount as the outstanding amount or aggregate outstanding amount of the securities being exchanged.
(3) The signatures of all public officers required by law or the proceedings relating to securities to sign the securities may be facsimile signatures if provision is also made for a manual authenticating signature on the securities by or on behalf of the public issuer or another designated person providing services under division (C) of this section.

Structure Ohio Revised Code

Ohio Revised Code

General Provisions

Chapter 9 | Miscellaneous

Section 9.01 | Official Records - Preserving and Maintaining.

Section 9.02 | Inspection and Review of Financial Institution Records.

Section 9.03 | Newsletters of Political Subdivisions.

Section 9.04 | State Funds for Nontherapeutic Abortion Benefits.

Section 9.041 | Childbirth Preferred Over Abortion.

Section 9.06 | Private Operation and Management of Initial Intensive Program Prison.

Section 9.07 | Correctional Facility to House Out-of-State Prisoners.

Section 9.08 | Improper Internet Access - Private Correctional Facilities.

Section 9.10 | Facsimile Signature Defined.

Section 9.11 | Public Officials Using Facsimile Signature.

Section 9.12 | Validity of Instrument With Facsimile Signature.

Section 9.13 | Highway Project Not Located Within Subdivision Boundaries.

Section 9.14 | Loss of Funds Occasioned by Use of Duly Adopted Facsimile Signature.

Section 9.15 | Burial or Cremation of Body at Expense of Township or Municipal Corporation.

Section 9.16 | Governmental Use of Distributed Ledger Technology.

Section 9.20 | Receipt of Gift, Devise, or Bequest Moneys, Lands, or Other Properties by Public Authority.

Section 9.21 | Policies Regarding Political Subdivisions That Hold Credit Card Accounts.

Section 9.22 | Use of Debit Card Accounts.

Section 9.23 | Disbursements by Government Entities Definitions.

Section 9.231 | Disbursements Over $25,000 - Contract Required - Exceptions.

Section 9.232 | Contract for Disbursements.

Section 9.233 | Recipient of Disbursements Entitled Only to Contract Payment Earned.

Section 9.234 | Records and Reports by Recipient - Financial Review - Financial Audit.

Section 9.235 | Records Open to Government Inspection.

Section 9.236 | Recipient to Repay Excess Payment - Civil Action to Recover.

Section 9.237 | Rules Governing Terms of Disbursement Contracts.

Section 9.238 | Form for Financial Reviews and Rules for Audit Reports.

Section 9.239 | Allocation of Federal Energy Efficient Building Deduction.

Section 9.24 | Findings for Recovery.

Section 9.241 | Civil Action for Recovery of Money.

Section 9.242 | Debarred Vendors; Participation in State Contracts.

Section 9.25 | Purchase of Surplus Commodities From Federal Government.

Section 9.26 | Gifts or Grants of Federal Property.

Section 9.27 | State Contracts - Invalid Terms and Conditions.

Section 9.28 | Competitive Solicitation as Public Record.

Section 9.29 | Multi-Year Asset Management Professional Service Contracts.

Section 9.30 | Public Utility Service Without Bidding and Notice.

Section 9.31 | Erroneous Bids.

Section 9.311 | Bonds Accompanying Bid to Be Executed by Approved Surety.

Section 9.312 | Factors to Determine Whether Bid Is Responsive and Bidder Is Responsible.

Section 9.313 | Reduction of Performance Bond After Substantial Performance.

Section 9.314 | Purchasing Services or Supplies by Reverse Auction.

Section 9.315 | Requiring Particular Surety or Insurance Company or a Particular Agent or Broker on Public Bids Prohibited.

Section 9.316 | Injunctive Relief.

Section 9.317 | Purchase of Supplies or Services by Reverse Auction.

Section 9.32 | Notification of Surety and Agent of Construction Contract Award.

Section 9.33 | Construction Management Services Definitions.

Section 9.331 | Notice of Accepting Bids for Construction Manager or Construction Manager at Risk.

Section 9.332 | Selection of and Contract With Construction Manager.

Section 9.333 | Financial Assurance to Be Provided by Construction Manager.

Section 9.334 | Evaluation of Most Qualified Proposals; Pricing Proposals; Contract Negotiations.

Section 9.335 | Construction of Statutes With Other Code Provisions.

Section 9.34 | Fiscal Year and Period of State and Political Subdivisions.

Section 9.35 | Contracts for Ministerial Duties by Public Officials.

Section 9.36 | Contract for Services of Fiscal and Management Consultants.

Section 9.361 | Payroll Deduction Benefit Program.

Section 9.37 | Direct Deposits.

Section 9.38 | Deposit of Public Moneys.

Section 9.39 | Liability for Public Money Received or Collected - Unclaimed Money.

Section 9.40 | Payroll Deduction for United States Savings Bonds.

Section 9.41 | Payroll Accounts.

Section 9.42 | Municipal Income Tax Deductions.

Section 9.43 | Savings in Share Accounts in Chartered Credit Unions Deductions.

Section 9.44 | Prior Public Service Counted in Computing Vacation Leave.

Section 9.441 | Continuing Rights or Benefits for Prior Service.

Section 9.45 | Nonprofit Debt Pooling Company Deductions.

Section 9.46 | u.s. Olympic Participation Leave.

Section 9.47 | Certificate of Compliance With Affirmative Action Programs.

Section 9.48 | Joint Purchasing Programs.

Section 9.481 | Residency Requirements Prohibited for Certain Employees.

Section 9.482 | Contracting for Services Between Political Subdivisions.

Section 9.483 | Sale and Leaseback Agreements.

Section 9.49 | Transparency in Contracts Between State and Private Attorneys.

Section 9.491 | Definitions.

Section 9.492 | Contingency Fee Contract With Private Attorney.

Section 9.493 | Contract With Private Attorney Outside Ohio.

Section 9.494 | Publication of Contract.

Section 9.495 | Annual Report.

Section 9.496 | Applicability.

Section 9.497 | Construction.

Section 9.498 | Legislative Intent.

Section 9.50 | Display of the Pow/mia Flag During Normal Business Hours at Public Buildings.

Section 9.54 | Accessibility Signs.

Section 9.55 | Installation of Teletypewriters for Deaf or Hearing-Impaired at State Agencies.

Section 9.56 | Plans and Drawings for Public Buildings Filed With County Recorder.

Section 9.57 | Closure of Places of Worship.

Section 9.58 | Court Settlements That Conflict With the Revised Code.

Section 9.60 | Contracts for Firefighting Agency, Private Fire Company, or Emergency Medical Service Organization.

Section 9.61 | Residency Not Required for Fire Chief.

Section 9.62 | Purchase of Police Dog or Horse.

Section 9.63 | Compliance With Lawful Requests Under Patriot Act.

Section 9.65 | Annuity Program for Volunteer Fire Fighters.

Section 9.66 | Indication of Outstanding Liability Owed to State in Application for Economic Development Assistance.

Section 9.661 | Liens to Secure Performance on Development Loans and Property Tax Incentives.

Section 9.67 | Restrictions on Owner of Professional Sports Team That Uses a Tax-Supported Facility.

Section 9.68 | Regulation of Arms Prohibited - Challenging Political Subdivisions.

Section 9.69 | Duties and Status of Law Enforcement Officer.

Section 9.70 | Permission for Street on Lands of Public Institution.

Section 9.73 | Public Employer Inquiries Regarding Criminal Background.

Section 9.74 | Victims of Dissemination of Image.

Section 9.75 | Requirement for Employment of Local Laborers Prohibited.

Section 9.76 | Boycott Provisions in Certain Contracts.

Section 9.78 | Determination of Effect of Criminal Conviction by Licensing Authority.

Section 9.79 | Limitations on Initial License Refusal.

Section 9.80 | Contribution to Charity Deductions.

Section 9.81 | Payroll Deduction Plans.

Section 9.82 | Risk Management and Insurance Programs Definitions.

Section 9.821 | Office of Risk Management.

Section 9.822 | Insurance and Bonds.

Section 9.823 | Risk Management Reserve Fund.

Section 9.83 | Liability Insurance for Public Employees.

Section 9.833 | Self-Insurance Program for Health Care Benefits.

Section 9.835 | Energy Price Risk Management Contract.

Section 9.84 | Witness Has Right of Counsel - Participation in Hearing Limited.

Section 9.85 | Immunity of Public Officers and Employees Definitions.

Section 9.86 | Immunity of Public Officers and Employees.

Section 9.87 | Indemnification of Public Officers and Employees.

Section 9.871 | Indemnification of Correctional Employee.

Section 9.88 | Immunity of Federal Law Enforcement Officers.

Section 9.90 | Purchase or Procurement of Insurance for Educational Employees.

Section 9.901 | Design and Delivery of Health Care Plans; Authority of Department of Administrative Services.

Section 9.91 | Placement or Purchase of Tax-Sheltered Annuity for Educational Employees.

Section 9.911 | Annuity Contracts and Custodial Accounts.

Section 9.92 | Citizens' Reward Program.

Section 9.94 | Fractionalized Interests in Any One or More Public Obligations.

Section 9.95 | Maximum or Maximum Average Annual Interest Rate on Public Securities.

Section 9.96 | Issue Public Securities.

Section 9.97 | Exemption of Bond Interest From Income Tax.

Section 9.98 | Bond Financing Definitions.

Section 9.981 | Applicability.

Section 9.982 | Bond Proceedings.

Section 9.983 | Costs, Expenses and Fees.