Platt v. Toledo

Citations

• 21 Ohio C.C. Dec. 305

Syllabus

<p>BONDS — MUNICIPAL CORPORATIONS.</p> <p>1. Municipal Power to Construct Part oe Bridge under Expressed Intention to Complete Same.</p> <p>A municipal council has power and discretion to authorize contracts to be entered into and issue bonds for the completion of parts of a bridge over a- navigable river within municipal limits without making provision for the construction of a draw or other method of spanning the river. The fact that an expressed intention to complete the bridge is revocable, will not defeat the exercise of such power.</p> <p>2. Elimination of Bonds Excetted from the One Per Cent Limitation Considered in Fixing Aggregate Issue.</p> <p>An issue of bonds amounting to $525,000 by a city having an aggregate of $370,000 of bonds authorized and a tax valuation of $79,000,000, will not be deemed in excess of the 1 per cent aggregate limitation prescribed by Sec. 2835 Rev. Stat., if, in view of the modification of Sec. 2835b, eliminating all bonds issued prior to April 29, 1902, whether they be original bonds to provide payment for construction of waterworks or bonds to refund indebtedness created by such original issues, the proposed issue added to that already authorized not within the excepted bonds, does not exceed the prescribed limitation.</p> <p>[Syllabus approved by the court.]</p>