Indiana § 13-26-10-14 Contents of ordinance authorizing revenue bonds

Indiana Statutes

§ 13-26-10-14 — Contents of ordinance authorizing revenue bonds

Indiana·Art. 26 REGIONAL WATER, SEWAGE, AND SOLID·Ch. 10 Bonds

The ordinance authorizing the revenue bonds and fixing the details of the revenue bonds may provide that the trust indenture contain reasonable and lawful provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth the duties of the district and the board in relation to the following:

(1)The construction or acquisition of the works.

(2)The improvement, operation, repair, and maintenance of the works.

(3)The issuance of bonds, including the custody, safeguarding, and application of all money. [Pre-1996 Recodification Citation: 13-3-2-19(b).]

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The ordinance authorizing the revenue
bonds and fixing the details of the revenue bonds may provide that the
trust indenture contain reasonable and lawful provisions for protecting
and enforcing the rights and remedies of the bondholders, including
covenants setting forth the duties of the district and the board in
relation to the following:
(1) The construction or acquisition of the works.
(2) The improvement, operation, repair, and maintenance of the
works.
(3) The issuance of bonds, including the custody, safeguarding,
and application of all money.
[Pre-1996 Recodification Citation: 13-3-2-19(b).]

Indiana § 13-26-10-14 (Contents of ordinance authorizing revenue bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.