Ohio Code § 505.11
Ohio Code § 505.11. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 505.11.
(A) Whenever the provisions of division (B) of this section do not apply, and when, in
its opinion, the township would be benefited, the board of township trustees may lease
township real property to any person upon terms agreed upon by the board and the lessee. Any consideration received from the lease shall be payable, as prescribed in the
lease, to the township fiscal officer, who shall give a receipt for the amount received
and deposit it in the township general fund. (B) When, in its opinion, the township would be benefited, the board of township trustees
may execute and deliver contracts or leases to mine iron ore, stone, coal, petroleum,
gas, salt, and other minerals upon lands owned by the township, to any person complying
with the terms prescribed by the board as to consideration, rights of way, and occupancy
of ground for necessary purposes. All other matters of contract shall be such as the board considers most advantageous
to the township. The contracts or leases shall be forfeited to the township for noncompliance with
any of the terms set forth in the contracts or leases, and shall not operate as a
conveyance of the fee to any part of the realty. No contract or lease for the drilling or operation of a petroleum or gas well shall
be valid for a longer term than forty years from the date of the contract or lease,
and no contract or lease for the mining of iron ore, stone, coal, salt, or other minerals
shall be valid for a longer term than fifteen years from that date. The consideration for the contracts and leases shall be rental or royalty as is
prescribed by the board, and shall be payable, as prescribed in the contract or lease,
at least once a year to the township fiscal officer, who shall give a receipt for
the amount and deposit it in the township general fund.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 505.11
- 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 § 505.11?
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 § 505.11 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 § 505.11 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.