Indiana Code Title 15. Agriculture and Animals § 15-14-1-11

(1) Borrow not more than two hundred thousand dollars ($200,000) at a rate of interest not to exceed six percent (6%) per annum.

(2) Mortgage its property to secure the repayment of the loan.

(3) Issue bonds for not more than two hundred thousand dollars ($200,000).

(1) not exceed a duration of twenty (20) years;

(2) have interest bearing coupons affixed;  and

(3) be secured by mortgage on the property of the corporation.