Indiana Statutes
§ 36-9-32-8 — Trust indentures to secure bonds
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 32 Financing of Public Improvements in Municipalities
The legislative body may secure bonds issued
under this chapter by a trust indenture between the municipality and a
corporate trustee. The corporate trustee may be any trust company,
national bank, or state bank that is in Indiana and has trust powers. A
trust indenture entered into under this section may contain any
provisions agreed upon by the municipality and the trustee that are not
inconsistent with this chapter.
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Legislative History
As added by P.L.23-1984, SEC.18.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed