Ohio § 749.021

§ 749.021.

Upon the execution of the agreement provided for in section 749.02 of the Revised Code the legislative authority of the municipal corporation shall submit to the electors

thereof, at the next general election occurring not less than ninety days after the

certification of the resolution to the board of elections, the question of the ratification

of such agreement, and if the sum to be paid by the municipal corporation under the

terms of such agreement is not available from current general revenues thereof, the

legislative authority shall also submit to the electors, at the same election, the

question of the issue of bonds of the municipal corporation in the amount specified

in such agreement for the purpose of providing funds for the payment of such sum.  The proceedings in the matter of such election and in the issuance and sale of such

bonds shall be as provided by law for municipal bonds.  Such agreement shall not be effective, and no bonds shall be issued, unless the

electors approve of both the agreement and the bond issue, if the question of the

issue of bonds is so submitted.