Sec. 37. (a) A remedy conferred by this chapter upon a holder or trustee for a holder of bonds, notes, or other evidences of indebtedness payable from revenues:
(1) is in addition to every other remedy; and
(2) may be exercised without exhausting and without regard to any other remedy conferred by:
(A) this chapter; or
(B) any other statute.
(b) A waiver of a default or breach of duty or contract, whether by a holder or a trustee for a holder of bonds, notes, or other evidences of indebtedness payable from revenues, does not do any of the following:
(1) Extend to or affect a subsequent default or breach of duty or contract.
(2) Impair any rights or remedies.
(c) A delay or an omission of a holder or a trustee for a holder of bonds, notes, or other evidences of indebtedness does not do any of the following:
(1) Extend to or affect a subsequent default or breach of duty or contract.
(2) Impair any rights or remedies.
(d) A delay or an omission of a holder or a trustee for a holder of bonds, notes, or other evidences of indebtedness in exercising a right or power accruing upon default:
(1) does not impair a right or power; and
(2) may not be construed to be a waiver of the default or acquiescence in the default.
(e) Every substantive right and every remedy conferred upon the holders of bonds, notes, or other evidences of indebtedness payable from revenues may be enforced and exercised periodically and as often as is expedient. If action to enforce a right or exercise a remedy:
(1) is brought and then discontinued; or
(2) is determined adversely to the holder or trustee;
the board and the holder or trustee shall be restored to their former positions as if an action had not been brought.
[Pre-1995 Recodification Citation: 13-3-4-14(b).]
As added by P.L.1-1995, SEC.26.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 33. Conservancy Districts
Chapter 20. Water Supply Systems
14-33-20-1. Applicability of Chapter
14-33-20-2. "Commission" Defined
14-33-20-3. "Water Facilities" and "Water Supply" Defined
14-33-20-4. District Electing to Furnish Water Supply for Domestic, Industrial, and Public Use
14-33-20-5. District as Legal Entity
14-33-20-6. Territorial Authority
14-33-20-7. Supplying Water Outside Territorial Authority
14-33-20-8. Commission Setting Hearing; Notice
14-33-20-10. Commission's Findings After Hearing
14-33-20-11. Municipality or Public Utility Supplying Water
14-33-20-13. Reasonable and Just Charges for Services; Rates
14-33-20-14. Schedule of Rates and Charges; Regulation
14-33-20-15. "Net Revenues" Defined
14-33-20-16. Resolution Authorizing Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-17. Requirements for Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-20. Recital of Authority of Bond, Note, or Other Evidence of Indebtedness
14-33-20-21. Sale of Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-22. Bonds, Notes, or Other Evidences of Indebtedness Equally and Ratably Secured by Lien
14-33-20-23. Constitutionally Restricted Bonds or Debts Not Authorized
14-33-20-24. Restrictions on Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-26. District Borrowing Money
14-33-20-28. Security of Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-29. Provisions Compromising Parts of Bonds, Notes, or Evidences of Indebtedness
14-33-20-30. Application for Appointment of Receiver of Water Facilities
14-33-20-31. Appointment of Receiver of Water Facilities
14-33-20-32. Receiver Taking Possession of Water Facilities
14-33-20-33. Duties of Receiver
14-33-20-34. Surrender of Possession of Water Facilities by Receiver
14-33-20-35. Court Supervision of Receiver
14-33-20-36. Protection of Holders or Trustees