§ 36-9-31-14 — Bonds issued

Indiana § 36-9-31-14

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 31: Collection and Disposal of Waste in Indianapolis

Text

(a) All bonds issued under this chapter may:
(1) be issued as serial bonds or as term bonds or a combination of
both types;
(2) be executed and delivered by the consolidated city at any time
and from time to time;
(3) bear such date or dates;
(4) bear interest at such rate or rates;
(5) be redeemable before their stated maturities on such terms and
conditions and at premiums as necessary or advisable;
(6) be issued in any denomination or denominations of not less
than five thousand dollars ($5,000);
(7) be in a form, either coupon or registered or a combination of
both types;
(8) carry registration conversion privileges;
(9) be payable in a medium of payment and at a place or places,
which may be at any one (1) or more banks or trust companies
within or without Indiana;
(10) provide for the replacement of mutilated, destroyed, stolen,
or lost bonds;
(11) be authenticated in a manner and upon compliance with
conditions;
(12) establish reserves from the proceeds of the sale of bonds or
from other funds, or both, to secure the payment of the principal
and interest on the bonds issued under this chapter;
(13) establish reserves, from the proceeds of the sale of bonds or
from other funds or both, for extensions, enlargements, additions,
replacements, renovations, and improvements to or for the
facilities; and
(14) contain other terms and covenants;
all as provided in the ordinance of the legislative body or the resolution
of the board authorizing the bonds.
(b) The bonds issued under this chapter may mature at such time or
times not to exceed forty (40) years.
(c) The bonds issued under this chapter may bear either the
impressed or facsimile seal of the consolidated city and shall be
executed by the manual or facsimile signature of the city executive and
attested by the manual or facsimile signature of the city fiscal officer,
so long as one (1) of these signatures is manual.
(d) The coupons appertaining to the bonds issued under this chapter
shall be executed by the facsimile signature of the city fiscal officer.
(e) The bonds and the interest coupons appertaining to them, if any,
issued under this chapter are valid and binding obligations of the
consolidated city for all purposes in accordance with the terms of this
chapter, notwithstanding that before delivery of them any of the
persons whose signatures appear on them have ceased to be officers of
the city, as if the persons had continued to be officers of the city until
after delivery.
(f) The bonds issued under this chapter may be sold at public or
private sale for such price or prices as may be provided in the
ordinance authorizing their issuance.
As added by Acts 1982, P.L.77, SEC.27.