§ 8-10-1-15 — Refunding bonds

Indiana § 8-10-1-15

• Jurisdiction: Indiana
• Art. 10: PORTS
• Ch. 1: Ports of Indiana─Organization

Text

The ports of Indiana is hereby authorized to
provide by resolution for the issuance of refunding bonds of the state
payable solely from revenues for the purpose of refunding any bonds
then outstanding which shall have been issued under the provisions of
section 13 of this chapter or IC 8-10-4-2, including the payment of any
redemption premium thereon and any interest accrued or to accrue to
the date of redemption of such bonds, and, if deemed advisable by the
ports of Indiana, for the additional purpose of constructing
improvements, extensions, or enlargements of the port or project in
connection with which the bonds to be refunded shall have been issued.
The issuance of such bonds, the maturities and other details thereof, the
rights of the holders thereof and the rights, duties and obligations of the
ports of Indiana in respect of the same, shall be governed by the
provisions of this article insofar as the same may be applicable.
Formerly: Acts 1961, c.11, s.15. As amended by P.L.66-1984,
SEC.6; P.L.224-2003, SEC.215 and P.L.271-2003, SEC.15;
P.L.98-2008, SEC.25.