Indiana § 14-33-20-20 Recital of authority of bond, note, or other evidence of indebtedness

Indiana Statutes

§ 14-33-20-20 — Recital of authority of bond, note, or other evidence of indebtedness

Indiana·Art. 33 CONSERVANCY DISTRICTS·Ch. 20 Water Supply Systems

A resolution authorizing bonds, notes, or other evidences of indebtedness payable from revenues must provide that a bond, note, or other evidence of indebtedness payable from revenues contain a recital that the bond, note, or other evidence of indebtedness is issued under this article or under IC 13-3-3 (before its repeal). A bond, note, or other evidence of indebtedness containing the recital under authority of such a resolution is conclusively considered:

(1)to be valid; and

(2)to have been issued in conformity with this article or IC 13-3 (before its repeal). [Pre-1995 Recodification Citation: 13-3-4-8(c) part.]

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A resolution authorizing bonds, notes, or
other evidences of indebtedness payable from revenues must provide
that a bond, note, or other evidence of indebtedness payable from
revenues contain a recital that the bond, note, or other evidence of
indebtedness is issued under this article or under IC 13-3-3 (before its
repeal). A bond, note, or other evidence of indebtedness containing the
recital under authority of such a resolution is conclusively considered:
(1) to be valid; and
(2) to have been issued in conformity with this article or IC 13-3
(before its repeal).
[Pre-1995 Recodification Citation: 13-3-4-8(c) part.]

Indiana § 14-33-20-20 (Recital of authority of bond, note, or other evidence of indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.