Indiana § 13-26-10-3 Revenue bonds

Indiana Statutes

§ 13-26-10-3 — Revenue bonds

Indiana § 13-26-10-3

Art. 26REGIONAL WATER, SEWAGE, AND SOLID

Ch. 10Bonds

This text of Indiana § 13-26-10-3 (Revenue bonds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 13-26-10-3 (2026).

Text

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).]

Free access — add to your briefcase to read the full text and ask questions with AI

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).]