Indiana § 36-7-23-28 Disposition of bond proceeds; bond maturities; rights of bondholders;
rights and duties of directors

Indiana Statutes

§ 36-7-23-28 — Disposition of bond proceeds; bond maturities; rights of bondholders; rights and duties of directors

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

The proceeds of bonds issued under this
chapter are appropriated for the purpose for which the bonds are
issued. The proceeds shall be deposited and disbursed in accordance
with any provisions and restrictions that the board provides in the
resolution or trust indenture authorizing the issuance of the bonds in
the first instance and the issuance of any refunding bonds, or in a trust
indenture authorized and approved by resolution of the board. The
maturities of the bonds, the rights of the holders, and the rights, duties,
and obligations of the board are governed in all respects by this
chapter.

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The proceeds of bonds issued under this
chapter are appropriated for the purpose for which the bonds are
issued. The proceeds shall be deposited and disbursed in accordance
with any provisions and restrictions that the board provides in the
resolution or trust indenture authorizing the issuance of the bonds in
the first instance and the issuance of any refunding bonds, or in a trust
indenture authorized and approved by resolution of the board. The
maturities of the bonds, the rights of the holders, and the rights, duties,
and obligations of the board are governed in all respects by this
chapter.

Indiana § 36-7-23-28 (Disposition of bond proceeds; bond maturities; rights of bondholders; rights and duties of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.