Current as of June 08, 2021 | Updated by FindLaw Staff
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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: FindLaw.com - Indiana Code Title 13. Environment § 13-26-10-3 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-13-environment/in-code-sect-13-26-10-3/
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