§ 36-7-15.3-16 — Issuance of bonds; full and complete authority; status

Indiana § 36-7-15.3-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 15.3: Redevelopment Authority in Marion County

Text

(a) This chapter contains full and complete
authority for the issuance of bonds. No law, procedure, proceeding,
publication, notice, consent, approval, order, or act by the board of any
other officer, department, agency, or instrumentality of the state or of
any political subdivision is required to issue any bonds, except as
prescribed by this chapter.
(b) Bonds issued under this chapter are legal investments for private
trust funds and the funds of banks, trust companies, insurance
companies, building and loan associations, credit unions, banks of
discount and deposit, savings banks, loan and trust and safe deposit
companies, rural loan and savings associations, guaranty loan and
savings associations, mortgage guaranty companies, small loan
companies, industrial loan and investment companies, and other
financial institutions organized under Indiana law.

Legislative History

As added by P.L.84-1987, SEC.14. Amended by P.L.42-1993, SEC.98.