§ 15-14-8-1 Authority to issue first mortgage bonds
§ 15-14-8-2 Bonds; tax exemption; duration; sale price
§ 15-14-8-3 Surplus; use to retire bonds
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Terms Used In Indiana Code > Title 15 > Article 14 > Chapter 8 - Issuance of Mortgage Bonds by County Agricultural or Horticultural Societies

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.