§ 36-7-23-24 — Disclosures on face of bond

Indiana § 36-7-23-24

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

Text

The bonds must indicate the following on
the face of each bond:
(1) The denomination of the bond.
(2) The maturity date or dates, not exceeding fifty (50) years from
the date of issue.
(3) The interest rate or rates if fixed rates are used, or the manner
in which the interest rate will be determined if variable or
adjustable rates are used.
(4) The registration privileges.
(5) That the bond does not constitute a debt of the state or a
political subdivision within the meaning or application of a
constitutional provision or limitation, but that the bond is payable
solely as to both principal and interest from all or part of the
revenues of the authority, as set forth in the resolution of the
authority.
(6) The conditions and terms under which the bonds may be
redeemed before maturity.

Legislative History

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