Indiana § 5-1.4-8-3 Contracts with bank for purchase of securities; terms and conditions;
fees and charges; denomination; prices; private sale

Indiana Statutes

§ 5-1.4-8-3 — Contracts with bank for purchase of securities; terms and conditions; fees and charges; denomination; prices; private sale

Indiana § 5-1.4-8-3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.4LOCAL PUBLIC IMPROVEMENT BOND BANKS

Ch. 8Purchase of Securities of Qualified Entities

This text of Indiana § 5-1.4-8-3 (Contracts with bank for purchase of securities; terms and conditions; fees and charges; denomination; prices; private sale) 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 § 5-1.4-8-3 (2026).

Text

Every qualified entity is authorized and
empowered to contract with the bank with respect to the purchase of its
securities, and the contracts shall contain the terms and conditions of
the purchase and may be in any form agreed to by the bank and the
qualified entity, including a customary form of bond ordinance or
resolution. Every qualified entity is authorized and empowered to pay
fees and charges required to be paid to the bank for its services.
Notwithstanding any statute applicable to or constituting any limitation
on the sale of bonds or notes, any qualified entity may sell its securities
to the bank, without limitation as to denomination, at a private sale at
such price or prices as may be determined by the bank and the qualified
entity.

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Every qualified entity is authorized and
empowered to contract with the bank with respect to the purchase of its
securities, and the contracts shall contain the terms and conditions of
the purchase and may be in any form agreed to by the bank and the
qualified entity, including a customary form of bond ordinance or
resolution. Every qualified entity is authorized and empowered to pay
fees and charges required to be paid to the bank for its services.
Notwithstanding any statute applicable to or constituting any limitation
on the sale of bonds or notes, any qualified entity may sell its securities
to the bank, without limitation as to denomination, at a private sale at
such price or prices as may be determined by the bank and the qualified
entity.