Any municipal corporation which had only volunteer firemen prior to January 1, 1967, may operate and maintain a volunteer firemen’s relief and pension fund, and levy a tax of up to three-tenths of one mill upon all the real and personal property listed for taxation in the municipal corporation for the purpose of providing funds for the payment of benefits and pensions from the municipal corporation’s volunteer firemen’s relief and pension fund, provided such a tax was levied prior to January 1, 1967.

Terms Used In Ohio Code 742.54

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Personal property: All property that is not real property.