Indiana § 13-26-10-3 Revenue bonds

Indiana Statutes

§ 13-26-10-3 — Revenue bonds

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

Revenue bonds may:

(1)bear interest, at a rate or rates not exceeding the maximum determined by the board, that is payable or accretes as determined by the board;

(2)mature at a time or times to be determined by ordinance; and

(3)be made redeemable before maturity at the option of the district, to be exercised by the board, at not more than the par value and a premium not exceeding five percent (5%) under terms and conditions that are fixed by the ordinance authorizing the issuance of the bonds. [Pre-1996 Recodification Citation: 13-3-2-17(a).]

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Revenue bonds may:
(1) bear interest, at a rate or rates not exceeding the maximum
determined by the board, that is payable or accretes as determined
by the board;
(2) mature at a time or times to be determined by ordinance; and
(3) be made redeemable before maturity at the option of the
district, to be exercised by the board, at not more than the par
value and a premium not exceeding five percent (5%) under terms
and conditions that are fixed by the ordinance authorizing the
issuance of the bonds.
[Pre-1996 Recodification Citation: 13-3-2-17(a).]

Indiana § 13-26-10-3 (Revenue bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.