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.
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