Ohio § 4582.41 Secretary's bond - care of funds

Ohio Statutes

§ 4582.41 — Secretary's bond - care of funds

Ohio § 4582.41

Title 45Motor Vehicles-Aeronautics-Watercraft

Ch. 4582Port Authorities

This text of Ohio § 4582.41 (Secretary's bond - care of funds) 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. § 4582.41 (2026).

Text

Before receiving any moneys, the secretary of a port authority created in accordance with section4582.22of the Revised Code shall furnish bond in such amount as shall be determined by the port authority, with sureties satisfactory to it, and all funds coming into the hands of said secretary shall be deposited by him to the account of the port authority in one or more such depositories as shall be qualified to receive deposits of county funds, which deposits shall be secured in the same manner as county funds are required to be secured. No disbursements shall be made from such funds except in accordance with rules adopted by the port authority.

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Before receiving any moneys, the secretary of a port authority created in accordance with section4582.22of the Revised Code shall furnish bond in such amount as shall be determined by the port authority, with sureties satisfactory to it, and all funds coming into the hands of said secretary shall be deposited by him to the account of the port authority in one or more such depositories as shall be qualified to receive deposits of county funds, which deposits shall be secured in the same manner as county funds are required to be secured. No disbursements shall be made from such funds except in accordance with rules adopted by the port authority.