Indiana Statutes
§ 15-14-8-2 — Bonds; tax exemption; duration; sale price
Indiana·Art. 14 AGRICULTURAL FAIRS, ASSOCIATIONS, AND·Ch. 8 Issuance of Mortgage Bonds by County Agricultural or
(a)Bonds issued under section 1 of this
chapter:
(1)are free from state tax; and
(2)may not be issued for a period longer than the life of the
charter of the society or fair.
(b)The bonds may be sold at a price less than the par value if the
action is endorsed by a full meeting of the board of directors of the
society or fair.
[Pre-2008 Recodification Citation: 15-1-7-2.]
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Indiana § 15-14-8-2 (Bonds; tax exemption; duration; sale price) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.2-2008, SEC.5.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"