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Indiana Code Title 8. Utilities and Transportation § 8-1.5-5-13

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

Sec. 13. (a) The bonds of the district are:

(1) a valid claim of the holders only against the bond and interest redemption account and the revenues of the storm water system;  and

(2) exempt from taxation in Indiana as provided by IC 6-8-5.

(b) The bonds may be issued either as registered bonds or as coupon bonds payable to the bearer.

(c) Except as provided in this chapter or IC 5-1-5, bonds shall be sold in accordance with IC 5-1-11.  The registration of bonds does not affect negotiability.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-1.5-5-13 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-1-5-5-13/

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