Ohio § 505.11
Full text of Ohio Ohio Revised Code § 505.11, with citation guidance and answers to common questions.
§ 505.11.
(A) Whenever the provisions of division (B) of this section do not apply, and when, in
its opinion, the township would be benefited, the board of township trustees may lease
township real property to any person upon terms agreed upon by the board and the lessee. Any consideration received from the lease shall be payable, as prescribed in the
lease, to the township fiscal officer, who shall give a receipt for the amount received
and deposit it in the township general fund. (B) When, in its opinion, the township would be benefited, the board of township trustees
may execute and deliver contracts or leases to mine iron ore, stone, coal, petroleum,
gas, salt, and other minerals upon lands owned by the township, to any person complying
with the terms prescribed by the board as to consideration, rights of way, and occupancy
of ground for necessary purposes. All other matters of contract shall be such as the board considers most advantageous
to the township. The contracts or leases shall be forfeited to the township for noncompliance with
any of the terms set forth in the contracts or leases, and shall not operate as a
conveyance of the fee to any part of the realty. No contract or lease for the drilling or operation of a petroleum or gas well shall
be valid for a longer term than forty years from the date of the contract or lease,
and no contract or lease for the mining of iron ore, stone, coal, salt, or other minerals
shall be valid for a longer term than fifteen years from that date. The consideration for the contracts and leases shall be rental or royalty as is
prescribed by the board, and shall be payable, as prescribed in the contract or lease,
at least once a year to the township fiscal officer, who shall give a receipt for
the amount and deposit it in the township general fund.
Frequently Asked Questions About Ohio § 505.11
What does Ohio Revised Code § 505.11 cover?
Section 505.11 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 505.11?
A common citation format is "Ohio Revised Code § 505.11" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 505.11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.