Indiana Code Title 21. Higher Education § 21-35-6-10

Sec. 10. The bonds authorized under this chapter shall be sold at public sale or negotiated sale to the highest bidder as provided by IC 21-32-3.  All bonds and the interest coupons appertaining to the bonds issued under this chapter are negotiable instruments within the meaning and for all purposes under the laws of Indiana, subject only to the provisions of the bonds for registration as to principal, or as to principal and interest.  Any bonds registered as to principal and interest may be made convertible to bearer bonds with coupons.