Sec. 33. (a) Revenue bonds issued under this chapter shall be issued in the name of the commission and must recite on the face of each bond that the principal of and interest on the bond are payable solely from revenues pledged for their payment and are not an obligation of the state or of a political subdivision of the state.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 14-13-1-33

  • commission: refers to the Indiana White River state park development commission. See Indiana Code 14-13-1-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
     (b) The chairman of the commission shall execute the bonds, and the secretary of the commission shall affix and attest the seal of the commission.

     (c) Coupons attached to the bonds must bear the facsimile signature of the chairman of the commission.

[Pre-1995 Recodification Citation: 14-6-29-10(f).]

As added by P.L.1-1995, SEC.6.

  Previous section
Next section  
 Chapter 1 Contents