Indiana Statutes

§ 14-13-2-23 — Requirements for issuing bonds

Indiana·Art. 13 LOCAL RESOURCE DEVELOPMENT·Ch. 2 Little Calumet River Basin Development Commission
(a)Bonds issued under this chapter shall be issued in the name of the commission and must recite on the face of each bond that the principal of and interest on the bond are payable solely from revenues pledged for their payment and are not an obligation of the state or of any other political subdivision of the state.
(b)The chairman of the commission shall execute the bonds, and the secretary of the commission shall affix and attest the seal of the commission.
(c)Coupons attached to the bonds must bear the facsimile signature of the chairman of the commission. [Pre-1995 Recodification Citation: 14-6-29.5-9(f).]

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Legislative History

As added by P.L.1-1995, SEC.6. Amended by P.L.106-2012, SEC.15.

Nearby Sections

15
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