Indiana § 36-10-11-3 Creation; procedure; issuance of general obligation bonds by city for
construction of civic center prohibited

Indiana Statutes

§ 36-10-11-3 — Creation; procedure; issuance of general obligation bonds by city for construction of civic center prohibited

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 11 Gary Building Authority

(a)The city legislative body may adopt an ordinance to create a separate municipal corporation under this chapter known as the "_________ Building Authority" (inserting the name of the city) to finance, construct, equip, operate, and lease land and buildings to the governmental entities within the county in which the authority is created.

(b)The clerk of the city shall certify a copy of the ordinance and file the copy with the county recorder of the county in which the authority is created. When certified and filed, the ordinance is evidence in a civil action of the creation of the authority.

(c)The city may not issue general obligation bonds of the city to finance the cost, in whole or in part, of the construction or acquisition of any building for use as a civic center. For purposes o

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(a) The city legislative body may adopt an
ordinance to create a separate municipal corporation under this chapter
known as the "_________ Building Authority" (inserting the name of
the city) to finance, construct, equip, operate, and lease land and
buildings to the governmental entities within the county in which the
authority is created.
(b) The clerk of the city shall certify a copy of the ordinance and file
the copy with the county recorder of the county in which the authority
is created. When certified and filed, the ordinance is evidence in a civil
action of the creation of the authority.
(c) The city may not issue general obligation bonds of the city to
finance the cost, in whole or in part, of the construction or acquisition
of any building for use as a civic center. For purposes of this section,
the city includes any governmental entity that contains any territory of
the city.
As added by Acts 1982, P.L.218, SEC.5. Amended by
P.L.2-1995, SEC.139.

Indiana § 36-10-11-3 (Creation; procedure; issuance of general obligation bonds by city for construction of civic center prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.