Sec. 12. A board acquiring waterworks and paying for them and for extensions and betterments authorized at the time of acquisition may provide for the extension, addition, or improvement of the waterworks by an additional issue or issues of bonds. A board may issue new bonds in the manner provided in this chapter and secured in the same manner, to provide funds for the payment of the principal and interest of any bonds then outstanding.
As added by Acts 1982, P.L.74, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1.5. Municipal Utilities
Chapter 4. Department of Waterworks in Certain Municipalities
8-1.5-4-0.3. Effective Date of Certain Amendments Made to Section 14 of This Chapter
8-1.5-4-1. Application of Chapter
8-1.5-4-2. Department of Waterworks; Establishment; Board of Directors
8-1.5-4-3. Special Taxing District
8-1.5-4-4. Board; Powers and Duties
8-1.5-4-7. Revenues Set Aside for Operation and Maintenance
8-1.5-4-8. Revenues Set Aside for Payment of Bonds
8-1.5-4-9. Revenues Set Aside for Depreciation Account
8-1.5-4-10. Secured Debt or Charge
8-1.5-4-11. Bonds and Interest Issued Against Special Redemption Fund
8-1.5-4-12. Bonds; Additional Issue or Issues for Extension, Addition, or Improvement
8-1.5-4-13. Bonds; Application of Proceeds; Default
8-1.5-4-14. Services Rendered to Municipality; Payment
8-1.5-4-15. Construction, Extension, or Improvement; Procedure
8-1.5-4-18. Special Taxing District Bonds of the Waterworks District; Issuance