State Ex Rel. Village of Oak Hill v. Brown

The question presented by this case is whether the notes proposed to be issued by the village of Oak Hill will increase the net indebtedness of said village to more than “five per cent, of the total value of all property in such municipal corporation as listed and assessed for taxation,” within the meaning of Section 2293-14, General Code. This depends upon whether the tax duplicate of 1931 or that prepared in 1930 is to be used as a basis for determining the allowable indebtedness. The 1930 duplicate included all property, real and personal, which was subject to taxation under the old law.…