Sec. 15. This chapter being necessary for and intended to secure efficient and economical management and operation of utility properties in any consolidated city taking advantage of the provisions hereof, the said board of directors shall have full power to transact all the business pertaining to said management and operation of each and all such utilities, including the issuance of bonds, mortgages, and other forms of indebtedness, free from all control and supervision of the department of local government finance of Indiana. This chapter shall be liberally construed to effectuate the purpose hereof, and if any one (1) or more sections, clauses, phrases, or parts thereof, of this chapter shall be held invalid, the remaining sections, clauses, phrases, or parts thereof, shall not be affected thereby, and the legislature declares that it would have enacted all other parts of said chapter even if any or all of the aforesaid portions thereof had not been included therein.
[Pre-Local Government Recodification Citation: 19-3-24-15.]
As added by Acts 1981, P.L.11, SEC.43. Amended by P.L.90-2002, SEC.311.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 11.1. Department of Public Utilities of Consolidated City
8-1-11.1-2. Board of Directors; Appointment of Officers; Compensation; Meetings; Employee Bonds
8-1-11.1-3. Board of Directors; Powers and Duties
8-1-11.1-3.5. Retirement, Survivor, or Other Benefits; Increase
8-1-11.1-4. Directors or Trustees; Adverse Interest in Contracts
8-1-11.1-5. Actions to Protect Rights of Cities
8-1-11.1-6. Utility Districts; Creation
8-1-11.1-7. Expenses; Procedure for Payment
8-1-11.1-9. Disposition of Bond Revenues
8-1-11.1-10. Tax Levy to Pay for Bonds; Utility District Bond Fund
8-1-11.1-11. Surplus Earnings; Disposition
8-1-11.1-12. Expenditures of Current Income; Vouchers
8-1-11.1-13. Separate Books of Account for Separate Utilities
8-1-11.1-14. Quarterly Accounting and Report to City Controller
8-1-11.1-15. Board of Directors Free From Control of Department of Local Government Finance
8-1-11.1-17. Examination and Audit of Books and Accounts
8-1-11.1-18. Application of Chapter to Currently Held or Acquired Utilities
8-1-11.1-19. "Revenue Obligations" Defined
8-1-11.1-20. Revenue Obligations; Issuance; Authorized Purposes
8-1-11.1-21. Security for Revenue Obligations; Issuance of Additional Obligations Authorized
8-1-11.1-22. Resolution Authorizing Revenue Obligations; Trust Indenture; Terms of Obligations
8-1-11.1-23. Temporary Loans Authorized
8-1-11.1-25. Revenue Obligations; Eligible Investments; Deposit of Securities