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Current as of January 01, 2024 | Updated by Findlaw Staff
Bonds purchased by the board of trustees of the Ohio police and fire pension fund from any taxing district of the state shall be in the denomination required by the board in its resolution of purchase, or the board may by its resolution require that all bonds of any series of bonds purchased by it from any taxing district of the state be consolidated and issued as one bond, the principal amount of which is equal to the aggregate amount of all the bonds of said series, which principal together with the interest thereon shall be paid in installments evidenced by and payable upon the surrender of combined principal and interest coupons attached thereto, which coupons shall each separately state the amounts of principal and interest included therein.
Cite this article: FindLaw.com - Ohio Revised Code Title VII. Municipal Corporations § 742.12 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-vii-municipal-corporations/oh-rev-code-sect-742-12/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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