Ohio Code § 4953.09
Ohio Code § 4953.09. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4953.09.
Any union terminal company may borrow money for the purpose of carrying out the powers
conferred by sections 4953.01 to 4953.12, inclusive, of the Revised Code , without reference to the amount of stock of such company, and may also issue coupon,
registered, or other bonds payable to bearer, bearing interest not exceeding the highest
contract rate of interest allowable in this state at the time, payable semiannually. Such company may mortgage its franchises, property, and revenues of every kind owned
at the time such money is borrowed or such bonds are issued or subsequently acquired,
to secure the payment of such loan, bonds, and interest. The stockholders of such company may jointly and severally guarantee the payment
of any notes or bonds the company lawfully issues, and the company may dispose of
such notes or bonds at such rate of premium or discount as the board of directors
deems best for the interests of the company. It is sufficient to record any mortgage securing such loan or bonds in the real
estate records of the county where the depot, terminal, yards, or tracks of the company
are constructed.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4953.09
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 4953.09?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 4953.09 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 4953.09 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.