ARTICLE XII
FINANCES, TAXATION AND DEBT
SECTION 12.01 GENERAL.
   The laws of the State of Ohio relating generally to budgets, appropriations, debts, bonds, assessments and other fiscal matters of the Municipality shall be applicable to the Municipality, except as modified by or necessarily inconsistent with the provisions of this Charter or ordinances of Council enacted pursuant thereto, and except when provision therefor is made in the Constitution of the State of Ohio.
SECTION 12.02 LIMITATION ON TAX RATE.
   The power of Council to levy taxes shall be subject to the limitations now or hereafter provided by the Constitution and the general laws of the State of Ohio and nothing contained in this Charter shall be construed as authorizing the levy of any taxes in excess of such limitations without a vote of the people, provided, that this Charter shall not operate as a limitation upon the power of Council to levy taxes upon such other subjects and for such other purposes as may be lawful under the Constitution and laws of the State of Ohio, nor shall the authority of Council to submit additional levies to a vote of the people under the authority of the Constitution or laws of the State of Ohio be deemed impaired or abridged by reason of any provision of this Charter.
SECTION 12.03 LIMITATION OF DEBT.
   The Municipality shall not incur debt in excess of the limitation imposed by the Constitution and the laws of the State of Ohio.
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