Indiana § 36-9-4-43 Issuance of bonds by municipality; procedure

Indiana Statutes

§ 36-9-4-43 — Issuance of bonds by municipality; procedure

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 4 Urban Mass Transportation Systems; Public

If the legislative body of a municipality
decides to issue bonds to obtain all or part of the money to be expended
for the establishment and maintenance of an urban mass transportation
system under this chapter, the legislative body may issue the bonds of
the municipality in the same manner as bonds for the general purposes
of the municipality. However, the bonds may be sold to the federal
government at private sale and without a public offering.
[Pre-Local Government Recodification Citation:
19-5-2-25.]
As added by Acts 1981, P.L.309, SEC.77.

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

If the legislative body of a municipality
decides to issue bonds to obtain all or part of the money to be expended
for the establishment and maintenance of an urban mass transportation
system under this chapter, the legislative body may issue the bonds of
the municipality in the same manner as bonds for the general purposes
of the municipality. However, the bonds may be sold to the federal
government at private sale and without a public offering.
[Pre-Local Government Recodification Citation:
19-5-2-25.]
As added by Acts 1981, P.L.309, SEC.77.

Indiana § 36-9-4-43 (Issuance of bonds by municipality; procedure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.