Indiana § 13-26-10-17 Payment of bond sale proceeds and revenue of works

Indiana Statutes

§ 13-26-10-17 — Payment of bond sale proceeds and revenue of works

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

Unless this article otherwise provides, the board may provide by ordinance or in the trust indenture for the payment of:

(1)the proceeds of the sale of the bonds; and

(2)the revenues of the works; to the officer, board, or depository that the board determines for the custody of the money and for the method of disbursement, with safeguards and restrictions that the board determines. [Pre-1996 Recodification Citation: 13-3-2-19(d) part.]

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Unless this article otherwise provides, the
board may provide by ordinance or in the trust indenture for the
payment of:
(1) the proceeds of the sale of the bonds; and
(2) the revenues of the works;
to the officer, board, or depository that the board determines for the
custody of the money and for the method of disbursement, with
safeguards and restrictions that the board determines.
[Pre-1996 Recodification Citation: 13-3-2-19(d)
part.]

Indiana § 13-26-10-17 (Payment of bond sale proceeds and revenue of works) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.