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

Indiana Statutes

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

Indiana § 36-9-4-43

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 4Urban Mass Transportation Systems; Public

This text of Indiana § 36-9-4-43 (Issuance of bonds by municipality; procedure) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-9-4-43 (2026).

Text

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.

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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.