Indiana Statutes
§ 14-13-1-32 — Revenue bonds; redemption; negotiability
(a)Revenue bonds issued under this chapter
or under IC 14-6-29 (before its repeal) may be made redeemable before
maturity at the option of the commission at the price and under the
terms and conditions that are set by the commission in the authorizing
resolution. The commission shall do the following:
(1)Determine the form of the bonds, including any interest
coupons to be attached to the bonds.
(2)Fix the denomination of the bonds.
(3)Fix the place of payment of principal and interest, which may
be at any bank or trust company within or outside Indiana.
(b)Revenue bonds have the qualities and incidents of negotiable
instruments under Indiana law. Provision may be made for the
registration of any of the bonds as to principal alone and also as to both
principal and interest.
[Pre-1995
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Indiana § 14-13-1-32 (Revenue bonds; redemption; negotiability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.1-1995, SEC.6.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation