Sec. 23. (a) Bonds issued under this chapter shall be issued in the name of the commission and must recite on the face of each bond that the principal of and interest on the bond are payable solely from revenues pledged for their payment and are not an obligation of the state or of any other political subdivision of the state.
(b) The chairman of the commission shall execute the bonds, and the secretary of the commission shall affix and attest the seal of the commission.
(c) Coupons attached to the bonds must bear the facsimile signature of the chairman of the commission.
[Pre-1995 Recodification Citation: 14-6-29.5-9(f).]
As added by P.L.1-1995, SEC.6. Amended by P.L.106-2012, SEC.15.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 13. Local Resource Development
Chapter 2. Little Calumet River Basin Development Commission
14-13-2-4. Purposes of Chapter
14-13-2-5. Creation of Commission
14-13-2-6. Territorial Jurisdiction of Commission
14-13-2-8. Term of Members; Eligibility for Reappointment
14-13-2-11. Per Diem Compensation and Traveling Expenses
14-13-2-12. Acquisition of Property by Purchase or Lease
14-13-2-13. Eminent Domain Powers
14-13-2-14. Acquisition of Property From Political Subdivisions or Public Entities
14-13-2-15. Property Improvements
14-13-2-16. Conveyance of Property to Political Subdivisions or Public Entities
14-13-2-17. Management of Projects; Maintenance Training
14-13-2-18. General Powers of Commission
14-13-2-18.5. Special Assessments Imposed
14-13-2-18.6. Special Assessment; Uses; Transfer to Northwest Indiana Regional Development Authority
14-13-2-20. Bonds Payable From Revenue and Special Assessments
14-13-2-22. Redemption and Negotiability of Bonds
14-13-2-23. Requirements for Issuing Bonds
14-13-2-24. Authority to Issue Bonds; Application of Other Laws
14-13-2-25. Bonds; Legal Investments; Exempt From Taxation
14-13-2-26. Revenue Bonds; Refunding Bonds
14-13-2-29. Little Calumet River Basin
14-13-2-32. Little Calumet River Basin Project Advisory Board