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Indiana Code Title 13. Environment § 13-26-10-3

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Sec. 3.  Revenue bonds may:

(1) bear interest, at a rate or rates not exceeding the maximum determined by the board, that is payable or accretes as determined by the board;

(2) mature at a time or times to be determined by ordinance;  and

(3) be made redeemable before maturity at the option of the district, to be exercised by the board, at not more than the par value and a premium not exceeding five percent (5%) under terms and conditions that are fixed by the ordinance authorizing the issuance of the bonds.

Cite this article: - Indiana Code Title 13. Environment § 13-26-10-3 - last updated June 08, 2021 |

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