reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1724.12 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1724 | Community Improvement Corporations|Section 1724.12 | Contributions From Municipal Corporation That Created Downtown Redevelopment District.

Effective: August 5, 2016|Latest Legislation:  House Bill 233 - 131st General Assembly|The board of directors of a community improvement corporation in which all or a part of a downtown redevelopment district is located may accept contributions from the municipal corporation that created the district pursuant to division (E)(2) of section 5709.45 of the Revised Code. The board shall use all such contributions to promote the downtown redevelopment district to potential business patrons, to recruit businesses to relocate or expand to the downtown redevelopment district, and to attract and promote events and activities that generate revenue or enhance public welfare within the downtown redevelopment district. The board shall periodically report to the legislative authority of the municipal corporation on the expenditure of the contributions and plans for the utilization of future contributions. If any contributions received by a community improvement corporation under this section remain after the dissolution or expiration of the downtown redevelopment district, the board shall pay the remaining amount to the contributing municipal corporation, which shall credit the money to its general fund.
Ohio Rev Code § 1725.01 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.01 | Officers of Commercial Organizations.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|The officers of an incorporated board of trade, chamber of commerce, merchants' exchange, or other kindred association shall consist of a president, two vice-presidents, a treasurer, and a secretary, all of whom shall be members of the association and be engaged in business at, or residents of, the municipal corporation in which it is established. They shall be elected by ballot at the annual meeting of the association, and hold office for one year, unless, by its bylaws, the association provides a longer term for any of such officers, and until their successors are elected and qualified. The officers thus elected, together with such number of members of the association as is fixed by the bylaws, all of whom shall be elected at the time, in the manner, and for the terms stated in this section, shall constitute the board of directors of the association. The association may provide by its bylaws for the election of not less than five directors, and authorize them to elect a president, two vice-presidents, a treasurer, and a secretary, and such additional members as directors as are provided in the bylaws. The officers thus elected, together with the directors, shall constitute the board of directors of such association. All other officers, agents, or committees deemed necessary for the interests of the association shall be elected or appointed in such manner and with such powers as are provided by the bylaws. In like manner the association may provide for the trial, suspension, fine, or expulsion of any of its members by the board of directors. Such association may make provision for the relief and support of the families and dependents of deceased members.
Ohio Rev Code § 1725.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.02 | Committees of Arbitration.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|An incorporated board of trade, chamber of commerce, merchants' exchange, or other kindred association may establish and appoint committees of reference and arbitration and committees of appeals, which committees shall be governed by such rules as are prescribed in the association's rules or bylaws for the settlement of such matters of reference as are submitted voluntarily for arbitration by members of the association or by other persons.
Ohio Rev Code § 1725.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.03 | Officers' Bonds and Oaths.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|An incorporated board of trade, chamber of commerce, merchants' exchange, or other kindred association may require from its officers, whether elected or appointed, sufficient bonds for the faithful discharge of their duties and trusts, which bonds shall be conditioned and made payable as prescribed by the association's bylaws and may be sued on, the money thereby collected to be held for the use of the party injured or for such other use as is determined upon by the association. The president, a vice-president, or the secretary of the association may administer such oaths of office as are prescribed in its bylaws.
Ohio Rev Code § 1725.04 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.04 | Appointment of Inspectors.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Every inspector, gauger, weigher, or measurer appointed by an incorporated board of trade, chamber of commerce, merchants' exchange, or other kindred association shall be recognized as a legally appointed officer, for the duties pertaining to his position, in the city and county in which the association is located, and shall be subject to all the laws relating thereto. The certificate of such appointee as to his official acts shall be evidence binding upon the persons interested.Every inspector, gauger, weigher, or measurer so appointed may appoint one or more deputies to be approved by the board of directors or board of officers of the association, and may take from each of his deputies a bond, with sureties, conditioned for the faithful performance of the duties of such deputy; but in all cases the inspector, gauger, weigher, or measurer shall be responsible for his deputy's neglect of duty or misconduct in office.
Ohio Rev Code § 1725.05 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.05 | Lands and Buildings.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|An incorporated board of trade, chamber of commerce, merchants' exchange, or other kindred association may purchase or lease suitable grounds and erect thereon such buildings as its board of directors deems proper for its interest. It may lease any portion of such building which is not occupied by or needed for its immediate use. It may, by a two-thirds favorable vote of its board, sell and convey its real estate. It may borrow money and execute and sell, or otherwise dispose of, its bonds or obligations, secured by a mortgage of its property or otherwise. The president and the secretary of the association shall sign all such obligations and conveyances.
Ohio Rev Code § 1725.06 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1725 | Trade Associations|Section 1725.06 | Adoption of Provisions by Like Associations.

Effective: October 4, 1996|Latest Legislation:  House Bill 495 - 121st General Assembly|Any board of trade, chamber of commerce, merchants' exchange, or other kindred association organized in this state may avail itself of the privileges and powers, in whole or in part, conferred by section 1725.01 to 1725.04 of the Revised Code, by making a certificate of its adoption of those sections, under its seal, attested by the signatures of any authorized officer, which certificate shall be filed in the office of the secretary of state, and when so filed shall confer all privileges and power defined in it.
Ohio Rev Code § 1726.01 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.01 | Development Corporation Definitions.

Effective: October 30, 1965|Latest Legislation:  House Bill 940 - 106th General Assembly|As used in section 1726.01 to 1726.13, inclusive, of the Revised Code, unless the context otherwise requires:(A) "Financial institutions" means any banking corporation, trust company, building and loan association, savings and loan association, or corporation, partnership, foundation, or other institution engaged in lending or investing funds for industrial or business purposes.(B) "Member" means any financial institution authorized to do industrial and business lending in this state which undertakes to lend money to a corporation, incorporated under Chapter 1726. of the Revised Code, upon its call, and in accordance with the provisions of such chapter.(C) "Loan limit" means for any member, the maximum amount prescribed to be outstanding at one time on loans made by such member to a corporation, incorporated under Chapter 1726. of the Revised Code as determined under the provisions of such chapter.(D) "The corporation" means a corporation, incorporated under sections 1726.01 to 1726.13, inclusive, of the Revised Code.
Ohio Rev Code § 1726.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.02 | Formation of Corporation - Contents of Articles of Incorporation.

Effective: January 9, 1961|Latest Legislation:  House Bill 1 - 104th General Assembly|Ten or more natural persons, a majority of whom are citizens of this state, may form a development corporation under the provisions of Chapter 1726. of the Revised Code by subscribing and thereafter filing in the office of the secretary of state articles of incorporation which shall set forth:(A) The name of the corporation, which shall include the words "Ohio Development Corporation";(B) The place in this state where the principal office of the corporation is to be located;(C) The purposes for which the corporation is formed, which shall include but need not be limited to, the following: to promote, aid, and through the united efforts of the institutions and corporations which shall from time to time become members or shareholders, develop and advance the industrial and business prosperity of the state or any section thereof; to encourage any industry; to stimulate and help expand all kinds of business ventures which tend to promote the growth of the state or any section thereof; to act whenever and wherever deemed by it advisable in conjunction with other organizations, including the small business administration of the United States and small business investment companies licensed under federal authority, to promote agricultural, industrial, and business developments within the state; and to furnish for approved and deserving applicants ready and required money for the carrying on and development of business or industrial undertakings;(D) The authorized number of shares which shall be of the par value of one hundred dollars per share;(E) The amount of stated capital with which the corporation will begin business, which shall not be less than five thousand dollars.
Ohio Rev Code § 1726.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.03 | Articles of Incorporation to Be Examined by Attorney General, Certification and Record.

Effective: October 1, 1959|Latest Legislation:  House Bill 509 - 103rd General Assembly|When the articles of incorporation or any amendment or amendments thereof, are filed in the office of the secretary of state under section 1726.02 of the Revised Code, the secretary of state shall submit them to the attorney general for examination. If such articles, or any amendment or amendments thereof, are found by him to be in accordance with Chapter 1726. of the Revised Code, and not inconsistent with the constitution and laws of the United States and of this state, he shall certify to and deliver them to the secretary of state, who shall cause them, together with the certificate of the attorney general, to be recorded in a book kept for that purpose.
Ohio Rev Code § 1726.05 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.05 | Acquiring Shares.

Effective: October 1, 1959|Latest Legislation:  House Bill 509 - 103rd General Assembly|(A) All persons, firms, partnerships, joint stock companies, association, or trust, and domestic corporations organized for the purpose of carrying on business within this state, including without limitation, any public utility companies, banking companies, trust companies, and foreign corporations licensed to do business in the state, except as provided in division (C) of this section, are hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness created by, or the shares of the capital stock of the corporation, and while owners of said shares to exercise all the rights, powers, and privileges of ownership, including the right to vote thereon.(B) All financial institutions are hereby authorized to become members of the corporation and to make loans to such corporations as provided herein.(C) A financial institution which does not become a member of a corporation shall not be permitted to acquire any shares of such corporation.(D) Each financial institution which becomes a member of the corporation may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of, any bonds, securities, or other evidences of indebtedness created by, or the shares of such corporation, and while owners of said shares to exercise all the rights, powers, and privileges of ownership, including the right to vote thereon; provided, the amount of shares which may be acquired by any member pursuant to the authority granted by this section shall not exceed ten per cent of the loan limit of such member. The amount of shares of the development corporation which any member is authorized to acquire pursuant to the authority granted by this section is in addition to the amount of shares in other corporations which such member may otherwise be authorized to acquire by law.
Ohio Rev Code § 1726.06 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.06 | Requesting Membership.

Effective: January 9, 1961|Latest Legislation:  House Bill 1 - 104th General Assembly|Any financial institution may request membership in a corporation incorporated under Chapter 1726. of the Revised Code by making application to the board of directors of the corporation on a form and in such manner as said board of directors may require, and membership shall become effective upon acceptance of such application by said board. Upon written notice given to the corporation, one year in advance, a member may withdraw from membership in the corporation at the expiration date of said notice.Each member of the corporation shall make loans to the corporation as and when called upon by it to do so on such terms and other conditions as shall be approved from time to time by the board of directors of the corporation subject to the following conditions:(A) The loan limit for any member shall be established initially by agreement between such member and the corporation at the time such member's membership becomes effective and may thereafter be increased by agreement between such member and the corporation, or decreased by agreement after written notice of such decrease given to the corporation one year in advance.(B) No loans to the corporation shall be made if immediately thereafter, the total amount of the obligations of the corporation would exceed ten times the amount then paid in on the outstanding shares of the corporation.(C) The total amount outstanding on loans to the corporation made by any member at any one time, when added to the amount of the investment in the shares of the corporation then held by such member, shall not exceed the following limits, to be determined as of the time such member becomes a member on the basis of the audited balance sheet of such member at the close of its fiscal year immediately preceding its application for membership: two per cent of the capital and surplus of commercial banks and trust companies; and such limits as may be approved by the board of directors of the corporation for other financial institutions.(D) Each call made by the corporation shall be prorated among the members of the corporation in substantially the same proportion that the adjusted loan limit of each member bears to the aggregate of the adjusted loan limit of all members. The adjusted loan limit of a member shall be the amount of such member's loan limit, reduced by the balance of outstanding loans by such member to the corporation and the investment in shares of the corporation held by such member at the time of such call.(E) All loans to the corporation by member shall be evidenced by bonds, debentures, notes, or other evidences of indebtedness of the corporation, which shall be negotiable and which shall bear interest at a rate of not less than one quarter of one per cent in excess of the rate of interest determined by the board of directors of the corporation to be the prime rate prevailing at the date of issuance thereof on unsecured commercial loans.
Ohio Rev Code § 1726.07 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.07 | Number of Votes.

Effective: January 9, 1961|Latest Legislation:  House Bill 1 - 104th General Assembly|Each shareholder shall have one vote, in person or by proxy, for each share of capital stock held by him, and each member shall have one vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars shall have one additional vote, in person or by proxy, for each additional one thousand dollars which such member is authorized to have outstanding on loans to a corporation incorporated under Chapter 1726. of the Revised Code at any one time as determined under division (C) of section 1726.06 of the Revised Code.
Ohio Rev Code § 1726.08 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.08 | Board of Directors.

Effective: March 22, 1973|Latest Legislation:  House Bill 1 - 110th General Assembly|The board of directors of a corporation incorporated under Chapter 1726. of the Revised Code shall be of such number in multiples of three as shall be determined in the first instance by the incorporators and thereafter by the shareholders and shall be elected in the first instance by the incorporators, and thereafter at each annual meeting of the corporation, or, if no annual meeting is held in any year at the time fixed by the bylaws, at a special meeting held in lieu thereof, the members of the corporation shall elect two-thirds of the board of directors and the shareholders shall elect the remaining directors. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after their election, and until their successors are elected and qualified unless sooner removed in accordance with the provisions of the bylaws.Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the shareholders shall be filled by the directors elected by the shareholders.
Ohio Rev Code § 1726.09 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.09 | Net Earnings, Surplus.

Effective: January 9, 1961|Latest Legislation:  House Bill 1 - 104th General Assembly|Each year a corporation incorporated under Chapter 1726. of the Revised Code shall set apart as earned surplus not less than ten per cent of its net earnings for the preceding fiscal year until such surplus is equal in value to one-half of the amount paid in on the shares of the corporation then outstanding. Whenever the amount of such surplus becomes impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors, after providing for such reserves as said directors deemed desirable, and the directors' determination made in good faith shall be conclusive on all persons.
Ohio Rev Code § 1726.10 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.10 | Designation of Depository.

Effective: January 9, 1961|Latest Legislation:  House Bill 1 - 104th General Assembly|A corporation incorporated under Chapter 1726. of the Revised Code shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.
Ohio Rev Code § 1726.11 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.11 | Annual Financial Reports - Audits.

Effective: October 17, 2019|Latest Legislation:  House Bill 166 - 133rd General Assembly|Each development corporation incorporated under this chapter shall prepare an annual financial report that conforms to rules prescribed by the auditor of state pursuant to section 117.20 of the Revised Code, that is prepared according to generally accepted accounting principles, and that is certified by the board of trustees of the corporation or its treasurer or other chief fiscal officer. The financial report shall be filed with the auditor of state within one hundred twenty days following the last day of the corporation's fiscal year, unless the auditor of state extends that deadline. The auditor of state may establish terms and conditions for granting any extension of that deadline. Each development corporation shall submit to audits by the auditor of state, the scope and frequency of which shall be in accordance with section 117.11 of the Revised Code as if the corporation were a public office subject to that section. However, a development corporation may request in accordance with section 117.115 of the Revised Code, as if the corporation were a public office subject to that section, the performance of any of those audits by an independent certified public accountant. The auditor of state is authorized to receive and file the annual financial reports required by this section and the reports of all audits performed in accordance with this section. The auditor of state shall analyze those annual financial reports and the reports of those audits to determine whether the activities of the development corporation involved are in accordance with this chapter.