Indiana § 21-34-6-9 Form; terms; conditions of bonds

Indiana Statutes

§ 21-34-6-9 — Form; terms; conditions of bonds

Indiana § 21-34-6-9

Title 21HIGHER EDUCATION

Art. 34STATE EDUCATIONAL INSTITUTIONS:

Ch. 6Issuance of Bonds

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Bluebook

Ind. Code § 21-34-6-9 (2026).

Text

Bonds may be issued in the form and upon the terms and conditions, at the rate or rates of interest, and in the denominations that may be made convertible into different denominations as the governing board of the board of trustees of the state educational institution determines by:

(1)the adoption of a resolution;

(2)approval of a form of trust indenture between the board of trustees of the state educational institution and a designated corporate trustee; or

(3)both subdivisions (1) and (2). [Pre-2007 Higher Education Recodification Citation: 20-12-6-7(b).]

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Bonds may be issued in the form and upon the
terms and conditions, at the rate or rates of interest, and in the
denominations that may be made convertible into different
denominations as the governing board of the board of trustees of the
state educational institution determines by:
(1) the adoption of a resolution;
(2) approval of a form of trust indenture between the board of
trustees of the state educational institution and a designated
corporate trustee; or
(3) both subdivisions (1) and (2).
[Pre-2007 Higher Education Recodification Citation:
20-12-6-7(b).]