Indiana § 8-1-17-16 Obligations; covenants and agreements to secure

Indiana Statutes

§ 8-1-17-16 — Obligations; covenants and agreements to secure

Indiana·Art. 1 UTILITIES GENERALLY·Ch. 17 Telephones─Rural Telephone Cooperative Act

In connection with the issuance of any
obligations, a cooperative corporation may make such covenants or
agreements and do any and all such acts and things as may be
necessary, convenient or desirable in order to secure its obligations or
which, in the absolute discretion of the board, tend to make the
obligations more marketable, notwithstanding that such covenants,
agreements, acts and things may constitute a limitation on the exercise
of the powers granted under this chapter.
Formerly: Acts 1951, c.193, s.16. As amended by P.L.136-2018,
SEC.76.

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In connection with the issuance of any
obligations, a cooperative corporation may make such covenants or
agreements and do any and all such acts and things as may be
necessary, convenient or desirable in order to secure its obligations or
which, in the absolute discretion of the board, tend to make the
obligations more marketable, notwithstanding that such covenants,
agreements, acts and things may constitute a limitation on the exercise
of the powers granted under this chapter.
Formerly: Acts 1951, c.193, s.16. As amended by P.L.136-2018,
SEC.76.

Indiana § 8-1-17-16 (Obligations; covenants and agreements to secure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.