Ohio Code § 5557.04

§ 5557.04.

A municipal corporation shall pay to the county treasurer its estimated proportion

of the cost and expense of the proposed road improvement, as fixed in the agreement

between the legislative authority of the municipal corporation and the board of county

commissioners, out of any funds available therefor.  In anticipation of the collection of assessments to be made against abutting property,

as provided in section 5557.03 of the Revised Code , and in anticipation of the collection of taxes levied for the purpose of providing

for the payment of the municipal corporation's share of the cost of such improvement,

the municipal corporation may sell its bonds under the same conditions and restrictions

imposed in the sale of bonds for street improvements under the exclusive jurisdiction

and control of the legislative authority of a municipal corporation.