Sec. 5. (a) Upon the adoption of a resolution authorizing the issuance of bonds or notes, the bank may publish notice of the adoption once each week for two (2) weeks in two (2) newspapers published and of general circulation in the city of Indianapolis.
(b) If notice is published as provided in subsection (a), any action or proceeding in any court to set aside the resolution authorizing the issuance of bonds or notes of the bank under this article or to obtain any relief upon the ground that the resolution is invalid must be filed within thirty (30) days following the first publication of notice of the adoption of the resolution. After the expiration of this thirty (30) day period, no right of action shall be asserted nor shall the validity of the resolution or any of its provisions be open to question in any court or agency upon any grounds whatsoever.
As added by P.L.25-1984, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
Chapter 4. Issuance of Obligations
5-1.5-4-2. Nature of Bond or Note; State Pledge and Agreement
5-1.5-4-3. Negotiability of Bonds and Notes
5-1.5-4-6. Public or Private Sale; Notice
5-1.5-4-7. Issuance of Notes; Payment of Principal or Interest Thereon; Funding or Refunding
5-1.5-4-8. Trust Agreement or Resolution; Provisions; Expenses