Sec. 10. (a) A county or city may not issue bonds or any other evidence of indebtedness payable by taxation for the construction of a memorial if the total issue of the bonds exceeds two percent (2%) of the adjusted value of the taxable property of the county or city in which the memorial is located as determined under IC 36-1-15.
(b) Bonds or obligations issued in violation of this section are void.
(c) Bonds issued under section 8 of this chapter are exempt from taxation.
[Pre-2003 Recodification Citation: 10-7-5-10.]
As added by P.L.2-2003, SEC.9.
Structure Indiana Code
Chapter 3. City and County War Memorials
10-18-3-1. Authority to Erect Memorials; Establishing Memorial
10-18-3-2. Memorial Committee; Report
10-18-3-3. Petition to Establish Memorial; Notice of Petition
10-18-3-4. Petition Requirements
10-18-3-5. Petition Hearing; Remonstrance; Appeal
10-18-3-6. Board of Trustees; Officers; Bond
10-18-3-7. Trustees' Initial Meeting; Site Selection; Plans and Specifications
10-18-3-8. Bonds to Establish Memorial
10-18-3-10. Limitations on Indebtedness; Tax Exemption
10-18-3-11. Fund for Management, Maintenance, Repair, Improvement, or Extension of Memorial
10-18-3-12. Tax Exemption; Establishing Memorial and Board of Trustees
10-18-3-13. Powers and Duties of Board of Trustees; Superintendent, Engineer, or Architect
10-18-3-15. Hall, Coliseum, or Building Use; No Preferences or Admission Fee
10-18-3-16. Trustees' Reports and Budgets; Claims; Revenues
10-18-3-17. Gifts and Bequests
10-18-3-18. Memorial Art Commission
10-18-3-19. Bids and Contracts; Eminent Domain
10-18-3-20. Limitation on Number of Memorials
10-18-3-21. Trustee Removal; Board Termination; Final Report