Ohio § 739.03
Full text of Ohio Ohio Revised Code § 739.03, with citation guidance and answers to common questions.
§ 739.03.
The members of the board of trustees of the sinking fund of a municipal corporation,
immediately after their appointment and qualification, shall elect one of their number
as president and another as vice-president, who, in the absence or disability of the
president, shall perform his duties and exercise his powers, and such secretary, clerks,
or employees as the legislative authority thereof provides by an ordinance which shall
fix their duties, bonds, and compensation. Where no secretary or clerks are authorized, the city auditor of the city or clerk
of the village shall act as secretary of the board. The board shall make its own rules, its meetings shall be open to the public, and
all questions relating to the purchase or sale of securities, payment of bonds, interest,
or judgments, or involving the payment or appropriation of money, shall be decided
by a yea and nay vote with the name of each member voting recorded on the journal. No question shall be decided unless approved by a majority of the whole board.
Frequently Asked Questions About Ohio § 739.03
What does Ohio Revised Code § 739.03 cover?
Section 739.03 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 § 739.03?
A common citation format is "Ohio Revised Code § 739.03" (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 § 739.03 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.