Indiana § 8-1-11.1-15 Board of directors free from control of department of local government
finance

Indiana Statutes

§ 8-1-11.1-15 — Board of directors free from control of department of local government finance

Indiana § 8-1-11.1-15

Art. 1UTILITIES GENERALLY

Ch. 11.1Department of Public Utilities of Consolidated City

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Bluebook

Ind. Code § 8-1-11.1-15 (2026).

Text

This chapter being necessary for and
intended to secure efficient and economical management and operation
of utility properties in any consolidated city taking advantage of the
provisions hereof, the said board of directors shall have full power to
transact all the business pertaining to said management and operation
of each and all such utilities, including the issuance of bonds,
mortgages, and other forms of indebtedness, free from all control and
supervision of the department of local government finance of Indiana.
This chapter shall be liberally construed to effectuate the purpose
hereof, and if any one (1) or more sections, clauses, phrases, or parts
thereof, of this chapter shall be held invalid, the remaining sections,
clauses, phrases, or parts thereof, shall not be affected thereb

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This chapter being necessary for and
intended to secure efficient and economical management and operation
of utility properties in any consolidated city taking advantage of the
provisions hereof, the said board of directors shall have full power to
transact all the business pertaining to said management and operation
of each and all such utilities, including the issuance of bonds,
mortgages, and other forms of indebtedness, free from all control and
supervision of the department of local government finance of Indiana.
This chapter shall be liberally construed to effectuate the purpose
hereof, and if any one (1) or more sections, clauses, phrases, or parts
thereof, of this chapter shall be held invalid, the remaining sections,
clauses, phrases, or parts thereof, shall not be affected thereby, and the
legislature declares that it would have enacted all other parts of said
chapter even if any or all of the aforesaid portions thereof had not been
included therein.
[Pre-Local Government Recodification Citation:
19-3-24-15.]
As added by Acts 1981, P.L.11, SEC.43. Amended by
P.L.90-2002, SEC.311.