Sec. 42. (a) The board may authorize and make temporary loans in anticipation of the collection of taxes in the district actually levied and in course of collection for the fiscal year in which the loans are made.
(b) The board must authorize the loans by ordinance and shall evidence the loans by warrants in the form provided by the authorizing ordinance. The warrants must state the following:
(1) The total amount of the issue.
(2) The denomination of the warrant.
(3) The time and place payable.
(4) The rate of interest.
(5) The revenues in anticipation of which the warrants are issued and out of which the warrants are payable.
(6) A reference to the ordinance authorizing the warrants and the date of passage of the ordinance.
(c) The ordinance authorizing the temporary loans must appropriate and pledge sufficient of the current revenues in anticipation of which the warrants are issued and out of which the warrants are payable to the payment of the warrants. The warrants evidencing the temporary loans shall be executed, sold, and delivered in the same manner as are bonds of the authority.
[Pre-1995 Recodification Citation: 13-2-31-20.]
As added by P.L.1-1995, SEC.20.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 27. Levees, Dams, and Drainage
Chapter 6. Levee Authority in Vanderburgh County
14-27-6-1. Application of Chapter
14-27-6-5. "Pumping Station" Defined
14-27-6-6. Ordinance Establishing Levee Authority
14-27-6-7. Board; Executive and Legislative Powers
14-27-6-9. Board; Eligibility of Members
14-27-6-10. Board; Appointment of Members; First Meeting
14-27-6-11. Board; Terms of First Members
14-27-6-12. Board; Filling of Vacancy Upon Expiration of Term
14-27-6-13. Board; Filling of Vacancy Upon Resignation
14-27-6-14. Board; Terms of Members
14-27-6-15. Board; Restrictions on Members
14-27-6-16. Board; Compensation of Members
14-27-6-18. Board; Office and Records
14-27-6-21. Board; Record of Proceedings
14-27-6-22. Board; Rules of Procedure
14-27-6-23. Board; Supervision of Internal Affairs
14-27-6-24. Proposed Drafts of Ordinances
14-27-6-25. Notice of Pending Action on Proposed Drafts
14-27-6-26. Meetings to Take Action on Proposed Drafts
14-27-6-27. Public Meeting Required
14-27-6-28. Effective Dates of Ordinances
14-27-6-29. Copies of Ordinances
14-27-6-30. General Powers of Board
14-27-6-31. Letting of Contracts; Bidding
14-27-6-32. Recovery of Damages or Possession of Property
14-27-6-33. Eminent Domain Powers; Generally
14-27-6-34. Eminent Domain Powers; Land Already in Public Use
14-27-6-35. Eminent Domain Powers; Rights of Board and Landowners
14-27-6-36. Eminent Domain Powers; Taking Possession; Abandonment; Acquisition of Other Land
14-27-6-37. Eminent Domain Powers; Description of Land; Statement of Purpose
14-27-6-38. General Obligation Bonds; Issuance
14-27-6-39. General Obligation Bonds; Sale
14-27-6-40. General Obligation Bonds; Applicability of Ic 5-1 and Ic 6-1.1-20
14-27-6-41. General Obligation Bonds; Payment; Tax Exemption
14-27-6-42. Tax Anticipation Loans
14-27-6-43. Treasurer; Appointment, Powers, and Duties
14-27-6-44. Treasurer; Report of Accounts
14-27-6-46. Budgets; Tax Levies
14-27-6-47. Assessment and Collection of Tax Levies