Sec. 4. At the time when the annual estimates are made for the county budget, the county auditor shall calculate the amount of the tax levy which will be necessary to make the payments on the principal and interest on such redemption bonds during the ensuing fiscal year of the county and shall submit his calculation, together with a detailed statement of all bonds outstanding and payable under the provisions of this chapter, to the county council at its annual meeting, and the county council shall levy the amount found to be necessary to make such payments as they fall due during the ensuing fiscal year.
[Pre-Local Government Recodification Citation: 17-3-82-4.]
As added by Acts 1980, P.L.8, SEC.12.
Structure Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations
Chapter 7. Redemption Bonds of Counties and Townships
5-1-7-1. Contract With Bond Owner to Pay Matured Bond by Issuing Redemption Bond
5-1-7-3. Execution of Contract; Procedure
5-1-7-5. "Bond Owner" or "Bondholder" Defined
5-1-7-6. Validity or Priority of Lien of Bond Against Taxable Property