Ohio § 3375.45 Control and management of sinking or bond retirement fund

Ohio Statutes

§ 3375.45 — Control and management of sinking or bond retirement fund

Ohio § 3375.45

Title 33Education-Libraries

Ch. 3375Libraries

This text of Ohio § 3375.45 (Control and management of sinking or bond retirement fund) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3375.45 (2026).

Text

When bonds are issued pursuant to section3375.43of the Revised Code, the board or officer of the political subdivision issuing such bonds having charge of the sinking fund or bond retirement fund of such subdivision shall have the control and management of all moneys and securities for the payment of interest on and for the redemption of the principal of such bonds, and shall exercise the same powers of control and management thereof as for the management and control of the sinking or bond retirement fund for all bonds of such subdivision.

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When bonds are issued pursuant to section3375.43of the Revised Code, the board or officer of the political subdivision issuing such bonds having charge of the sinking fund or bond retirement fund of such subdivision shall have the control and management of all moneys and securities for the payment of interest on and for the redemption of the principal of such bonds, and shall exercise the same powers of control and management thereof as for the management and control of the sinking or bond retirement fund for all bonds of such subdivision.