Sec. 17. If a board of directors finds that the cost of maintaining a project exceeds the amount that can be raised in any year, the board may issue bonds in the manner in which bonds are issued for construction of levees. However, the bonds and the interest on the bonds shall be paid by assessments made in the manner prescribed by section 16 of this chapter.
[Pre-Local Government Recodification Citation: 19-4-20-21.]
As added by Acts 1981, P.L.309, SEC.104.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 28. Certain Watercourse, Levee, Sewer, and Drain Improvements
36-9-28-1. Application of Chapter
36-9-28-2. Order to Construct or Improve; Issuance; Drawings and Specifications for Project
36-9-28-3. Order to Construct or Improve; Considerations; Filing of Record of Proceedings
36-9-28-4. Notice of Hearing; Answer; Judgment
36-9-28-5. Control and Supervision of Work; Letting of Contract; Reporting; Filing
36-9-28-7. Application of Other Assessment Statutes
36-9-28-8. Acquisition of Real or Personal Property Required for Project; Condemnation; Purchase
36-9-28-9. Bonds; Issuance; Payments; Financing Agreement; Public Sale
36-9-28-10. Completion and Acceptance of Project; Certification; Benefits Assessed
36-9-28-12. Board of Directors; Qualifications; Terms; Vacancy
36-9-28-13. Board of Directors; Compensation
36-9-28-14. Board of Directors; Employment of Assistants; Compensation
36-9-28-17. Bonds; Issuance When Cost of Maintaining Project Exceeds Amount That Can Be Raised