Sec. 13. A school corporation may:

(1) issue bonds to refund bonds or other obligations that were issued or entered into by a school corporation before that school corporation completed a consolidation or merger under IC 20-23 or any other law; and

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Terms Used In Indiana Code 20-48-1-13

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) sell the bonds at a negotiated, private sale to the Indiana bond bank.

As added by P.L.140-2014, SEC.2.