IC 5-1-6 – Revenue Bond Refinancing | Midpage

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Indiana Code

Chapter 6

IC 5-1-6

Revenue Bond Refinancing

1Short title 2Definitions 3Issuance of refunding bonds to refinance and improve enterprise 4Authorization by ordinance or resolution; municipally owned public utility; any enterprise 5Terms and covenants of refunding bonds; negotiability 6Validity of authorization; issuance and obligations; recitals in bond 7Sale and exchange of refunding bonds 8Lien on revenues of enterprise to secure bonds; additional security; priority; restrictions 9Liability of issuing body 10Exemption from taxation; exception 11Fiscal agent 12Duties of issuing body and others to secure payment of bonds and interest 13Additional powers of governing body; restrictions 14Default in payment of principal or interest of bonds; receiver; rights and powers; subsequent defaults; supervision of courts 15Remedy 16Powers conferred by chapter