Indiana § 36-10-10-21 Bonds; application of proceeds; lien

Indiana Statutes

§ 36-10-10-21 — Bonds; application of proceeds; lien

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 10 Civic Center Building Authority in South Bend or

All money received from any bond issued
under this chapter, after reimbursement and repayment to the city of all
amounts advanced for preliminary expenses as provided in section 9 of
this chapter, shall be applied to the payment of the costs of site
acquisition and construction and equipment of the convention center
for which the bonds are issued, including incidental expenses, and may
include interest during construction and for a period of one (1) year
thereafter. A lien exists on all money, until so applied, in favor of the
holders of the bonds or the trustees.
As added by Acts 1982, P.L.218, SEC.4.

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All money received from any bond issued
under this chapter, after reimbursement and repayment to the city of all
amounts advanced for preliminary expenses as provided in section 9 of
this chapter, shall be applied to the payment of the costs of site
acquisition and construction and equipment of the convention center
for which the bonds are issued, including incidental expenses, and may
include interest during construction and for a period of one (1) year
thereafter. A lien exists on all money, until so applied, in favor of the
holders of the bonds or the trustees.
As added by Acts 1982, P.L.218, SEC.4.

Indiana § 36-10-10-21 (Bonds; application of proceeds; lien) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.