State ex rel. Board of Education v. Crandall

On June 12,1957, the relator determined that it was necessary to submit a bond issue to the electors and passed a resolution of necessity. At that time, Section 133.041, Revised Code (126 Ohio Laws, 615), was in effect. It read as follows:

‘ ‘ On or before December 31,1957, the net indebtedness of a school district which may be imposed by popular vote with the consent of the state Department of Taxation, as provided in Section 133.04 of the Eevised Code, shall be increased from six per cent to nine per cent, provided that the submission to popular vote of bond issues which would make the net…