Indiana § 13-21-8-4 Security of bonds

Indiana Statutes

§ 13-21-8-4 — Security of bonds

Indiana·Art. 21 SOLID WASTE MANAGEMENT DISTRICTS·Ch. 8 Financing: Revenue Bonds

(a)The resolution may pledge and assign for the security of the revenue bonds all or part of the revenues or net revenues of the facilities.

(b)To adequately secure the payment of the revenue bonds and the interest on the bonds, the district and the district's officers, agents, and employees shall provide for the covenants and do other acts and things that:

(1)are necessary, convenient, or desirable to secure the revenue bonds; or

(2)may tend to make the revenue bonds more marketable. [Pre-1996 Recodification Citation: 13-9.5-9-4(c) part,

(e).]

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(a) The resolution may pledge and assign for
the security of the revenue bonds all or part of the revenues or net
revenues of the facilities.
(b) To adequately secure the payment of the revenue bonds and the
interest on the bonds, the district and the district's officers, agents, and
employees shall provide for the covenants and do other acts and things
that:
(1) are necessary, convenient, or desirable to secure the revenue
bonds; or
(2) may tend to make the revenue bonds more marketable.
[Pre-1996 Recodification Citation: 13-9.5-9-4(c) part,
(e).]

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