Indiana § 21-35-3-13 Bonds and interest on bonds secured by pledge or mortgage

Indiana Statutes

§ 21-35-3-13 — Bonds and interest on bonds secured by pledge or mortgage

Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 3 Acquisition of Certain Support Facilities and Research

The bonds and the interest on the bonds may be secured by pledge or mortgage of:

(1)any property, real or personal, used or acquired or to be acquired and used for the property and the improvements made or to be made on the property;

(2)the net income from the property;

(3)the property and the net income from the property; or

(4)any unobligated net income of any property financed under this chapter; as the board of trustees may determine. [Pre-2007 Higher Education Recodification Citation: 20-12-8-2(a) part.]

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The bonds and the interest on the bonds may
be secured by pledge or mortgage of:
(1) any property, real or personal, used or acquired or to be
acquired and used for the property and the improvements made or
to be made on the property;
(2) the net income from the property;
(3) the property and the net income from the property; or
(4) any unobligated net income of any property financed under
this chapter;
as the board of trustees may determine.
[Pre-2007 Higher Education Recodification Citation:
20-12-8-2(a) part.]

Indiana § 21-35-3-13 (Bonds and interest on bonds secured by pledge or mortgage) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.