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Indiana Code Title 8. Utilities and Transportation § 8-1.5-2-23

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 23. If general obligation bonds are issued, they:

(1) may be issued in any denomination;

(2) are payable at a time not to exceed forty (40) years from issuance;

(3) may bear interest at any rate payable semiannually;  and

(4) shall be sold for not less than par value and accrued interest;

as provided by ordinance.  The bonds shall be sold in accordance with IC 5-1-11.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-1.5-2-23 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-1-5-2-23/

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