# Ohio Rev. Code § 5505.09: Bonds of taxing districts may be offered to board

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.09

## Section

- **Citation:** Ohio Rev. Code § 5505.09
- **Heading:** Bonds of taxing districts may be offered to board
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 55 / Chapter 5505 / § 5505.09

## Text

January 1, 1966 House Bill 840 - 106th General Assembly The boards and officers of the several taxing districts of the state in the issuance and sale of evidences of indebtedness of their respective taxing districts, may offer in writing at a fair market price, which price shall not be less than par and accrued interest, to the state highway patrol retirement board, prior to advertising the same for sale, all such issues as may not have been taken by the trustees of the sinking fund of the taxing district issuing such evidences of indebtedness. The board shall, within ten days after the receipt of such written offer, either: (A) Accept the same and purchase such evidences of indebtedness, or any portion thereof, at a fair market price, to be evidenced by a resolution of the board of officers of the taxing district issuing such evidences of indebtedness, but at a price of not less than par and accrued interest; (B) Reject such offer in writing.

## Nearby sections

- [Ohio Rev. Code § 5505.01 § 5505.01. Highway patrol retirement system definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.01.md)
- [Ohio Rev. Code § 5505.02 § 5505.02. State highway patrol pension fund established - membership mandatory](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.02.md)
- [Ohio Rev. Code § 5505.03 § 5505.03. Creation of funds](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.03.md)
- [Ohio Rev. Code § 5505.04 § 5505.04. State highway patrol retirement board organization and rules](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.04.md)
- [Ohio Rev. Code § 5505.05 § 5505.05. Oath - expenses - liability insurance](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.05.md)
- [Ohio Rev. Code § 5505.06 § 5505.06. Investment and fiduciary duties of state highway patrol retirement board](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.06.md)
- [Ohio Rev. Code § 5505.07 § 5505.07. Secretary, actuary, and employees - compensation and expenses](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.07.md)
- [Ohio Rev. Code § 5505.08 § 5505.08. No participation by trustees](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.08.md)
- [Ohio Rev. Code § 5505.09 § 5505.09. Bonds of taxing districts may be offered to board](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.09.md)
- [Ohio Rev. Code § 5505.10 § 5505.10. Deposit and security](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.10.md)
- [Ohio Rev. Code § 5505.11 § 5505.11. Treasurer of state is treasurer of state highway patrol retirement system](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.11.md)
- [Ohio Rev. Code § 5505.12 § 5505.12. Actuarial valuation of pension assets, liabilities, and funding requirements of state highway patrol retirement system](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.12.md)
- [Ohio Rev. Code § 5505.14 § 5505.14. Certificate of prior service](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.14.md)
- [Ohio Rev. Code § 5505.15 § 5505.15. Employer contribution](https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T55_C5505_S5505.09. Check the current official text before relying on it. Not legal advice.