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

Indiana Statutes

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

Indiana § 8-1-17-16

Art. 1UTILITIES GENERALLY

Ch. 17Telephones─Rural Telephone Cooperative Act

This text of Indiana § 8-1-17-16 (Obligations; covenants and agreements to secure) 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 § 8-1-17-16 (2026).

Text

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.