Sec. 3. Revenue bonds may:
(1) bear interest, at a rate or rates not exceeding the maximum determined by the board, that is payable or accretes as determined by the board;
(2) mature at a time or times to be determined by ordinance; and
(3) be made redeemable before maturity at the option of the district, to be exercised by the board, at not more than the par value and a premium not exceeding five percent (5%) under terms and conditions that are fixed by the ordinance authorizing the issuance of the bonds.
[Pre-1996 Recodification Citation: 13-3-2-17(a).]
As added by P.L.1-1996, SEC.16. Amended by P.L.53-2004, SEC.2.
Structure Indiana Code
Article 26. Regional Water, Sewage, and Solid Waste Districts
13-26-10-1. Issuance of Revenue Bonds
13-26-10-2. Loans From Federal Government
13-26-10-4. Revenue Bonds; Principal and Interest
13-26-10-5. Revenue Bonds; Terms
13-26-10-6. Execution and Attestation of Bonds
13-26-10-7. Revenue Bonds; Sale Procedure
13-26-10-8. Revenue Bonds; Disposition of Proceeds
13-26-10-9. Temporary Revenue Bonds
13-26-10-10. Loans From Federal or State Agency
13-26-10-11. Action to Contest Validity of Bonds
13-26-10-12. Issuance of Additional Bonds
13-26-10-13. Trust Indenture to Secure Bonds
13-26-10-14. Contents of Ordinance Authorizing Revenue Bonds
13-26-10-15. Ordinance Authorizing Revenue Bonds
13-26-10-16. Trust Indenture; Rights and Remedies of Bondholder and Trustee
13-26-10-17. Payment of Bond Sale Proceeds and Revenue of Works