Ohio § 6101.46
Full text of Ohio Ohio Revised Code § 6101.46, with citation guidance and answers to common questions.
§ 6101.46.
In order to facilitate the preliminary work, the board of directors of a conservancy
district may borrow money and issue notes therefor at a rate or rates of interest
not exceeding the rate provided in section 9.95 of the Revised Code and in an amount not greater than seventy-five per cent of the unencumbered proceeds
derived or derivable from the preliminary assessment levied, or which the board has
authority to levy, under section 6101.45 of the Revised Code , which assessment shall be pledged for the repayment thereof if and when levied. If no preliminary assessment is levied or the proceeds of the assessment levied
are found insufficient to pay the interest and retire the notes issued, the same may
be paid from the improvement fund. At any time after the levy of a preliminary assessment, on request of the board
of directors and authorization by the board of county commissioners, the county auditor
of any county having lands within the district shall make advances to the district
from the general fund of the county, or from the undistributed proceeds of such assessment,
not in excess of the amount of such assessment levied and collectible within the county. This section does not apply to or affect the validity of any warrants, notes, or other
evidences of indebtedness issued prior to July 19, 1937, under authority of this section. Such warrants, notes, or other evidences of indebtedness may be renewed for a period
not to exceed two years, and such renewal obligations may at the option of the board
of directors be exchanged for outstanding obligations or sold at private or public
sale according to the law governing the original issue.
Frequently Asked Questions About Ohio § 6101.46
What does Ohio Revised Code § 6101.46 cover?
Section 6101.46 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 § 6101.46?
A common citation format is "Ohio Revised Code § 6101.46" (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 § 6101.46 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.