13-26-10-13. Trust Indenture to Secure Bonds
Sec. 13. The board may secure the revenue bonds by a trust indenture by and between the district and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside Indiana. However, a trust indenture may not convey or mortgage all or any part of […]
13-26-10-14. Contents of Ordinance Authorizing Revenue Bonds
Sec. 14. The ordinance authorizing the revenue bonds and fixing the details of the revenue bonds may provide that the trust indenture contain reasonable and lawful provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth the duties of the district and the board in relation to the following: […]
13-26-10-15. Ordinance Authorizing Revenue Bonds
Sec. 15. The ordinance may also provide that the works shall be contracted for, constructed, and paid for under the supervision and approval of consulting engineers employed or designated by the board and satisfactory to the original bond purchasers, successors, assigns, or nominees. The original bond purchasers, successors, assigns, or nominees may be given the […]
13-26-10-16. Trust Indenture; Rights and Remedies of Bondholder and Trustee
Sec. 16. The trust indenture may set forth the rights and remedies of the bondholders or trustee, restricting the individual right of action of bondholders as is customary in trust indentures securing bonds and debentures of corporations. [Pre-1996 Recodification Citation: 13-3-2-19(d) part.] As added by P.L.1-1996, SEC.16.
13-26-10-17. Payment of Bond Sale Proceeds and Revenue of Works
Sec. 17. Unless this article otherwise provides, the board may provide by ordinance or in the trust indenture for the payment of: (1) the proceeds of the sale of the bonds; and (2) the revenues of the works; to the officer, board, or depository that the board determines for the custody of the money and […]
13-26-10-2. Loans From Federal Government
Sec. 2. A district obtaining a loan from the federal government or an agency of the federal government may issue obligations under this article to the federal government or agency to evidence the indebtedness without advertising for or receiving bids. The obligations: (1) are payable solely from the net revenues of the works; and (2) […]
13-26-10-18. Sinking Fund for Payment of Bonds
Sec. 18. (a) At or before the time of issuance of the revenue bonds, the board shall by ordinance create a sinking fund for the payment of the following: (1) The bonds. (2) The interest on the bonds. (3) The charges of banks or trust companies for making payment of the bonds or interest. (b) […]
13-26-10-3. Revenue Bonds
Sec. 3. Revenue bonds may: (1) bear interest, at a rate or rates not exceeding the maximum determined by the board, that is payable or accretes as determined by the board; (2) mature at a time or times to be determined by ordinance; and (3) be made redeemable before maturity at the option of the […]
13-26-10-19. Rights of Revenue Bondholders
Sec. 19. (a) The holder of revenue bonds or attached coupons and the trustee, if any, except to the extent the rights given may be restricted by the ordinance authorizing issuance of the bonds or by the trust indenture, may, by civil action, protect and enforce rights granted: (1) by this article or IC 13-3-2 […]
13-26-10-4. Revenue Bonds; Principal and Interest
Sec. 4. The principal and interest of revenue bonds may be made payable in any lawful medium. The ordinance must do the following: (1) Determine the form of the bonds, including the interest coupons, if any, to be attached. (2) Fix the denomination or denominations of the bonds and the place or places of payment […]