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OH · constitutions

Ohio Const. art. XII, § 11

Sinking fund

activein force · 1913-01-01 – presentact-effective-date

No bonded indebtedness of the state, or any political subdivisions thereof, shall be incurred or renewed unless, in the legislation under which such indebtedness is incurred or renewed, provision is made for levying and collecting annually by taxation an amount sufficient to pay the interest on said bonds, and to provide a sinking fund for their final redemption at maturity.

History

Effective: January 1, 1913

Provenance

Source
codes.ohio.gov
Retrieved
2026-09-26
Edition
2026-09-26
Content hash
2eb218d8ba5ee615eea59c976953479dfaa39f123ee3d25e0618a496dd9f7e0e
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