Indiana Statutes

§ 13-26-10-13 — Trust indenture to secure bonds

Indiana·Art. 26 REGIONAL WATER, SEWAGE, AND SOLID·Ch. 10 Bonds
The board may secure the revenue bonds by a trust indenture by and between the district and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside Indiana. However, a trust indenture may not convey or mortgage all or any part of the works. [Pre-1996 Recodification Citation: 13-3-2-19(a).]

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Legislative History

As added by P.L.1-1996, SEC.16.

Nearby Sections

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