Indiana Code 8-1.5-5-13. District bonds; nature
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Sec. 13. (a) The bonds of the district are:
(2) exempt from taxation in Indiana as provided by IC 6-8-5.
(1) a valid claim of the holders only against the bond and interest redemption account and the revenues of the storm water system; and
Terms Used In Indiana Code 8-1.5-5-13
- district: means the special taxing district established by section 5 of this chapter. See Indiana Code 8-1.5-5-3.5
(b) The bonds may be issued either as registered bonds or as coupon bonds payable to the bearer.
(c) Except as provided in this chapter or IC 5-1-5, bonds shall be sold in accordance with IC 5-1-11. The registration of bonds does not affect negotiability.
As added by P.L.125-1987, SEC.1.