Ohio Constitution

Article XII, § 11 — Sinking fund

Ohio Const. art. XII, § 11

Ohio Const. art. XII, § 11 (Sinking fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionOhioDocumentConstitution
ArticleXII
Section§ 11
CitationOhio Const. art. XII, § 11
Bluebook
Ohio Const. art. XII, § 11.

Full Text

No bonded indebtedness of the state, or any political subdivisions thereof, shall be incurred or renewed unless, in the legislation under which such indebtedness is incurred or renewed, provision is made for levying and collecting annually by taxation an amount sufficient to pay the interest on said bonds, and to provide a sinking fund for their final redemption at maturity.

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History

Effective: January 1, 1913