Indiana § 5-1-11-5 Transcript of proceedings relative to issuance of bonds to be furnished
to purchaser

Indiana Statutes

§ 5-1-11-5 — Transcript of proceedings relative to issuance of bonds to be furnished to purchaser

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 11 Procedures for Selling Bonds

Whenever any bonds are sold, there shall be
furnished to the purchaser thereof a transcript of the proceedings had
and actions taken relative to the authorization, issuance, and sale of
such bonds, certified by the person or persons charged with recording
the minutes or keeping the records of the body or bodies having to do
with the authorization and issuance of such bonds. In cases where such
transcripts relate to the issuance of general obligation bonds, or bonds
payable in anticipation of the collection of special taxes, such
transcripts shall also have attached thereto the certificate of the proper
officers showing the assessed valuation of taxable property in and
outstanding indebtedness of the issuing unit and other pertinent details
bearing on the validity of said bonds. Such transc

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Whenever any bonds are sold, there shall be
furnished to the purchaser thereof a transcript of the proceedings had
and actions taken relative to the authorization, issuance, and sale of
such bonds, certified by the person or persons charged with recording
the minutes or keeping the records of the body or bodies having to do
with the authorization and issuance of such bonds. In cases where such
transcripts relate to the issuance of general obligation bonds, or bonds
payable in anticipation of the collection of special taxes, such
transcripts shall also have attached thereto the certificate of the proper
officers showing the assessed valuation of taxable property in and
outstanding indebtedness of the issuing unit and other pertinent details
bearing on the validity of said bonds. Such transcripts and the
certificates attached thereto shall import verity and shall be accepted
in evidence in any legal proceedings relating to or affecting said bonds.
[Pre-Local Government Recodification Citation:
19-8-5-5.]
As added by Acts 1980, P.L.8, SEC.19.

Indiana § 5-1-11-5 (Transcript of proceedings relative to issuance of bonds to be furnished to purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.