Ohio § 5521.10
Full text of Ohio Ohio Revised Code § 5521.10, with citation guidance and answers to common questions.
§ 5521.10.
The board of county commissioners, in anticipation of the collection of the taxes
provided for by section 5521.09 of the Revised Code , and in anticipation of the assessments which it is authorized to levy, may, whenever
in its judgment it is deemed necessary, sell the bonds of said county in any amount
not greater than the aggregate sum necessary to pay the share of the estimated compensation,
damages, cost, and expense payable by the county, and by the owners of the lands assessed
or to be assessed for such improvement. The aggregate amount of such bonds issued and outstanding at any one time, and to
be redeemed by a tax levy upon the grand duplicate of the county, shall not be in
excess of one per cent of the tax duplicate of such county. In computing such one per cent, bonds to be redeemed by special assessments shall
not be taken into account. Bonds issued under this section shall state for what purpose issued and bear interest
at such rate as is fixed by the board, payable semiannually, and in such amounts as
to mature in not more than ten years after their issue, as the board determines. Prior to the issuance of such bonds the board shall provide for the levying of a
tax upon all the taxable property of the county to cover any deficiency in the levy,
payment, or collection of any special assessments anticipated by such bonds. The proceeds of such bonds shall be used exclusively for the payment of the cost
and expense of the work for which the bonds are issued.
Frequently Asked Questions About Ohio § 5521.10
What does Ohio Revised Code § 5521.10 cover?
Section 5521.10 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 § 5521.10?
A common citation format is "Ohio Revised Code § 5521.10" (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 § 5521.10 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.