Ohio Code § 1711.13

§ 1711.13.

County agricultural societies are hereby declared bodies corporate and politic, and

as such they are capable of suing and being sued and of holding in fee simple any

real estate purchased by them as sites for their fairs.  In addition, they may do either or both of the following: (A) Mortgage their grounds for the purpose of renewing or extending pre-existing debts,

and for the purpose of furnishing money to purchase additional land, but if the board

of county commissioners has caused money to be paid out of the county treasury to

aid in the purchase of the grounds, no mortgage shall be given without the consent

of the board. Deeds, conveyances, and agreements in writing, made to and by such societies, for

the purchase of real estate as sites for their fairs, shall vest a title in fee simple

to the real estate described in those documents, without words of inheritance. (B) Subject to section 1711.33 of the Revised Code , enter into agreements to obtain loans and credit for expenses related to the purposes

of the county agricultural society, provided that the agreements are in writing and

are first approved by the board of directors of the society.  The total annual payments for debt obligation incurred by a county agricultural

society pursuant to this division shall not exceed an amount equal to twenty-five

per cent of its prior three-year average of annual revenues.