2006 Ohio Revised Code - 747.11. Power to lease depots and terminals; submission of question to electors.

§ 747.11. Power to lease depots and terminals; submission of question to electors.
 

The board of rapid transit commissioners may grant to any corporation organized for street or interurban railway purposes the right to operate, by lease or otherwise, the depots, terminals, and railways mentioned in section 747.08 of the Revised Code upon such terms as the board is authorized by ordinance to agree upon with such corporation, subject to the approval of a majority of the electors of the city voting on the question. 
 

The board of rapid transit commissioners shall certify such lease or agreement to the board of elections, which shall then submit the question of the approval of such lease or agreement to the qualified electors of the city at either a special or general election as the ordinance specifies. Thirty days' notice of the election shall be given by publication in one or more of the newspapers published in the city once a week for two consecutive weeks prior to the election, and, if the board of elections operates and maintains a web site, the board of elections shall post notice of the election for thirty days prior to the election on its web site. The notice shall set forth the terms of the lease or agreement and the time of holding the election. On the approval by a majority of the voters voting at the election, the corporation may operate such depots, terminals, and railways as provided in the lease or agreement, and corporations organized under the laws of this state for street or interurban railway purposes may lease and operate such depots, terminals, and railways. 
 

HISTORY: GC § 4000-27; 106 v 286, § 12; Bureau of Code Revision, 10-1-53; 137 v H 42. Eff 10-7-77; 151 v H 3, § 1, eff. 5-2-06.
 

See provisions of § 3 of 151 v H 3 following RC § 745.07. 

 

Effect of Amendments

151 v H 3, effective May 2, 2006, except amendments relating to the timely update of election information on web sites maintained by a board of elections, effective June 1, 2006, in the second paragraph, inserted "by publication", and substituted "two" for "four" and "the election, and, if the board ... election on its web site" for "the time of holding such elections, setting"; and made minor stylistic changes.