The board of township trustees, in anticipation of the collection, for road improvements, of taxes and assessments or any part thereof, may, whenever in its judgment it is necessary, sell the bonds of the township in any amount not greater than the aggregate sum necessary to pay the estimated compensation, damages, and costs of such improvement.
Trustees may issue bonds in anticipation of tax
Ohio Rev. Code Ann. § 5573.14, under Chapter 5573 | Township Road Improvement.
Ohio Rev. Code Ann. § 5573.14