§ 5-1-6-2 — Definitions

Indiana § 5-1-6-2

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 6: Revenue Bond Refinancing

Text

The following terms wherever used or referred to
in this chapter shall have the following meanings, unless a different
meaning appears from the context:
(a) The term "issuing body" shall mean counties, cities, towns,
townships, school cities, school towns, districts, political or civil
subdivisions, or other public corporate bodies of this state.
(b) The term "governing body" shall mean the council, commission,
board, or other body, officer, or officers which constitutes the
governing body of an issuing body.
(c) The term "law" shall mean any law, act, or statute, general,
special, or local, of this state.
(d) The term "enterprise" shall mean any work or works,
undertaking, utility, or project which the issuing body is authorized to
construct and from which the municipality derives revenues for the
refinancing, or the refinancing and improving of which enterprise,
refunding bonds are issued under this chapter, and such enterprise shall
include all improvements, betterments, extensions and replacements
thereto, and all appurtenances, facilities, lands, rights in land, water
rights, franchises, and structures in connection therewith or incidental
thereto.
(e) The term "federal agency" shall include the United States of
America, the President of the United States of America, or any agency,
instrumentality or corporation of the United States of America,
designated or created by or pursuant to any act or acts or joint
resolution or joint resolutions of the Congress of the United States of
America, or which may be owned or controlled, directly or indirectly,
by the United States of America.
(f) The term "improving" shall mean reconstructing, replacing,
extending, repairing, bettering, equipping, developing, embellishing or
improving or any one (1) or more or all of the foregoing.
(g) The term "refunding bonds" shall mean notes, bonds, or other
obligations of an issuing body issued pursuant to this chapter, or
pursuant to any other law, as supplemented by, or in conjunction with
this chapter.
(h) The term "refinancing" shall mean funding, refunding, paying,
or discharging, by means of refunding bonds or the proceeds received
from the sale thereof, all or any part of any notes, bonds, or other
obligations issued to finance or to aid in financing the acquisition,
construction or improving of an enterprise and payable solely from all
or any part of the revenues thereof, including interest thereon in arrears
or about to become due, whether or not represented by coupons or
interest certificates.
(i) The term "revenues" shall mean all fees, tolls, rates, rentals and
charges to be levied and collected in connection with and all other
income and receipts of whatever kind or character derived by the
issuing body from the operation of any enterprise or arising from any
enterprise.
(j) The term "holder of bonds" or "bondholders" or any similar term
shall mean any person who shall be the bearer of any outstanding
refunding bond or refunding bonds registered to bearer or not
registered, or the registered owner of any such outstanding bond or
bonds which shall at the time be registered other than to bearer.
(k) Words importing the singular number shall include the plural
number in each case and vice versa, and words importing persons shall
include firms, limited liability companies, and corporations.
[Pre-Local Government Recodification Citation:
19-8-7-2.]
As added by Acts 1980, P.L.8, SEC.10. Amended by
P.L.8-1993, SEC.46; P.L.233-2015, SEC.5.