Indiana § 5-1.2-4-21 Bonds; pledge of state

Indiana Statutes

§ 5-1.2-4-21 — Bonds; pledge of state

Indiana § 5-1.2-4-21

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-21 (Bonds; pledge of state) 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 § 5-1.2-4-21 (2026).

Text

The state pledges to and agrees with the
holder of any bonds issued under this article that the state will not limit
or alter the rights vested in the authority to fulfill the terms of any
agreements made with bondholders or in any way impair the rights or
remedies of bondholders until the bonds, together with the interest,
with interest on any unpaid installments of interest, and all costs and
expenses in connection with any action or proceeding by or on behalf
of bondholders, are fully met and discharged. The authority is
authorized to include this pledge and agreement of the state in any
agreement with the bondholders.

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

The state pledges to and agrees with the
holder of any bonds issued under this article that the state will not limit
or alter the rights vested in the authority to fulfill the terms of any
agreements made with bondholders or in any way impair the rights or
remedies of bondholders until the bonds, together with the interest,
with interest on any unpaid installments of interest, and all costs and
expenses in connection with any action or proceeding by or on behalf
of bondholders, are fully met and discharged. The authority is
authorized to include this pledge and agreement of the state in any
agreement with the bondholders.