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Terms Used In Indiana Code 16-23-9-2

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Trustee: A person or institution holding and administering property in trust.
   Sec. 2. The township board may, at the request of the township trustee, levy annually and cause to be collected as other taxes are collected a tax upon all of the taxable property within the township. The tax may not exceed six and sixty-seven hundredths cents ($0.0667) on each one hundred dollars ($100) of assessed valuation. The tax is for the use of the hospital in defraying the expenses of the hospital’s maintenance and support, for providing necessary additions, and for the payment of mortgage indebtedness.

[Pre-1993 Recodification Citation: 16-12.2-11-2.]

As added by P.L.2-1993, SEC.6. Amended by P.L.6-1997, SEC.176.