Sec. 7. The bank may from time to time issue its notes under this article and pay and retire the principal of the notes or pay the interest due thereon or fund or refund the notes from proceeds of bonds or of other notes or from other funds or money of the bank available for that purpose in accordance with a contract between the bank and the holders of the notes.
As added by P.L.42-1985, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.4. Local Public Improvement Bond Banks
Chapter 4. Issuance of Obligations
5-1.4-4-1. Bonds or Notes; Purposes; General Obligation of Bank; Additional Security
5-1.4-4-2. Nature of Bonds or Notes; State Pledge and Agreement
5-1.4-4-3. Negotiability of Bonds and Notes
5-1.4-4-4. Authorization; Issuance in Series; Requirements; Consent of City or State Agency
5-1.4-4-5. Resolution Authorizing Issuance; Adoption; Action to Set Aside Resolution
5-1.4-4-6. Public or Private Sale; Notice
5-1.4-4-7. Issuance of Notes; Payment of Principal or Interest
5-1.4-4-8. Trust Agreement as Security; Provisions of Trust Agreement or Resolution; Expenses