Indiana § 36-9-27-96 Bonds; limited obligation; collection of delinquencies

Indiana Statutes

§ 36-9-27-96 — Bonds; limited obligation; collection of delinquencies

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 27 Drainage Law

(a)Bonds issued to finance the construction or reconstruction of a drain are not the general obligation of the county, the board, or any person. The bonds are a lien only upon the land assessed for benefits for the construction or reconstruction in the ratio of the assessment.

(b)If bonds issued under this chapter become in default, the officers responsible for the collection of delinquent taxes shall take the steps provided by law to collect all delinquencies, and for that purpose the officers shall cooperate with any bond holder or committee of bond holders and shall pursue any remedies available for the collection of the delinquent assessments. [Pre-Local Government Recodification Citation: 19-4-7-16.] As added by Acts 1981, P.L.309, SEC.101.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Bonds issued to finance the construction
or reconstruction of a drain are not the general obligation of the county,
the board, or any person. The bonds are a lien only upon the land
assessed for benefits for the construction or reconstruction in the ratio
of the assessment.
(b) If bonds issued under this chapter become in default, the officers
responsible for the collection of delinquent taxes shall take the steps
provided by law to collect all delinquencies, and for that purpose the
officers shall cooperate with any bond holder or committee of bond
holders and shall pursue any remedies available for the collection of
the delinquent assessments.
[Pre-Local Government Recodification Citation:
19-4-7-16.]
As added by Acts 1981, P.L.309, SEC.101.

Indiana § 36-9-27-96 (Bonds; limited obligation; collection of delinquencies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.