Sec. 5. (a) The revenue bonds must contain a statement on the face of the bonds that the district is not obligated to pay the bonds or the interest on the bonds except from the special fund provided from the net revenues of the works.
(b) All bonds are negotiable instruments.
(c) The bonds and interest are exempt from all state, county, and municipal taxation.
(d) The bonds may be registered in the name of the owner:
(1) as to principal alone; or
(2) as to both principal and interest.
Fully registered bonds may be made convertible to coupon bonds at the option of the registered owner.
[Pre-1996 Recodification Citation: 13-3-2-17(c) part.]
As added by P.L.1-1996, SEC.16.
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