§ 36-10-3-25 — Bonds; notice; hearing; ordinance approving issue

Indiana § 36-10-3-25

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 10: RECREATION, CULTURE, AND COMMUNITY
• Ch. 3: General Park and Recreation Law

Text

(a) Before bonds may be issued under
section 23 of this chapter, the board shall give notice of a public
hearing to disclose the purposes for which the bond issue is proposed,
the amount of the proposed issue, and all other pertinent data.
(b) The board shall have published in accordance with IC 5-3-1 a
notice of the time, place, and purposes of the hearing.
(c) After the public hearing and before additional proceedings on
the bond issues, the board must obtain an ordinance approving the
bond issue from the unit's fiscal body.
[Pre-Local Government Recodification Citation:
19-7-4-40.5.]
As added by Acts 1981, P.L.309, SEC.110. Amended by Acts
1981, P.L.45, SEC.94.