§ 36-7-23-19 — Powers and duties

Indiana § 36-7-23-19

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 23: Multiple County Infrastructure Authority

Text

The board may do the following:
(1) Borrow money or otherwise incur indebtedness for any of its
purposes, and issue revenue bonds, notes, or other evidences of
indebtedness, whether secured or unsecured (other than general
obligation bonds), to a person.
(2) Purchase, discount, sell, and negotiate notes and other
evidences of indebtedness.
(3) Procure insurance to guarantee, insure, coinsure, and reinsure
against political and commercial risk of loss and any other
insurance the board considers necessary, including insurance to
secure the payment of principal and interest on notes or other
obligations of the authority.
(4) Accept gifts, grants, or loans from, and enter into contracts or
other transactions with, a federal or state agency, municipality,
private organization, or other source.
(5) Adopt, amend, or rescind bylaws, rules, and regulations
necessary or convenient for the performance of the authority's
powers and duties under this chapter.
(6) Sue and be sued.
(7) Purchase, receive, take by grant, gift, devise, bequest, or
otherwise, lease or otherwise acquire, own, hold, improve,
employ, use, and otherwise deal in and with, real and personal
property, or an interest in real or personal property, wherever
situated.
(8) Sell, convey, lease, exchange, transfer, or otherwise dispose
of all its property or an interest in its property, wherever situated.
(9) Adopt a seal.
(10) Cooperate with other public and private organizations to
carry out the purposes of the authority.
(11) Exercise all other powers and functions necessary or
appropriate to carry out the duties and purposes set forth in this
chapter.

Legislative History

As added by P.L.346-1989(ss), SEC.7.