Indiana Statutes
§ 8-10-5-18 — Bond of secretary; depositories; disbursement of funds
Indiana § 8-10-5-18
This text of Indiana § 8-10-5-18 (Bond of secretary; depositories; disbursement of funds) 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 § 8-10-5-18 (2026).
Text
Before receiving any moneys, the secretary of
a port authority shall furnish bond in such amount as shall be
determined by the port authority, with sureties satisfactory to it, and all
funds coming into the hands of said secretary shall be deposited by him
to the account of the port authority in one (1) or more depositories as
shall be qualified to receive deposits of funds, in the same manner as
is done by the city or county creating such port authority, which
deposits shall be secured in the same manner as such city or county
funds are required to be secured. No disbursements shall be made from
such funds except in accordance with rules and regulations adopted by
the port authority.
Formerly: Acts 1959, c.343, s.17; Acts 1965, c.390, s.3.
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Nearby Sections
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§ 8-1-1-11
Staff of commission§ 8-1-1-12
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RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-10-5-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-10-5-18.