Ohio § 747.12
Full text of Ohio Ohio Revised Code § 747.12, with citation guidance and answers to common questions.
§ 747.12.
Whenever the board of rapid transit commissioners of a city declares by resolution
that real estate of the city acquired for rapid transit purposes is not needed for
the proper conduct and maintenance of such rapid transit system, such real estate
may be sold or leased by the board to the highest bidder after advertisement once
a week for three consecutive weeks in a newspaper of general circulation within the
city or as provided in section 7.16 of the Revised Code . The board may reject any bid and readvertise until all such property is sold or
leased. When the board has twice so offered to sell or lease such property, and it is not
sold or leased, the board may privately sell or lease it. Moneys arising from such sales or leases shall be deposited in the treasury of the
city to the credit of the board of rapid transit commissioners' fund, and may be expended
for the purchase, construction, improvement, maintenance, equipment, and enjoyment
of the city's rapid transit property, as such board directs. Contracts, leases, deeds, bills of sale, or other instruments in writing pertaining
to such sales or leases shall be executed on behalf of the city by the board, by its
president and secretary.
Frequently Asked Questions About Ohio § 747.12
What does Ohio Revised Code § 747.12 cover?
Section 747.12 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 § 747.12?
A common citation format is "Ohio Revised Code § 747.12" (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 § 747.12 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.