21-34-6-16. Mandatory Redemption
Sec. 16. Bonds may be made subject, at the option of the holders, to mandatory redemption by the board of trustees of the state educational institution at the times and under the circumstances set forth in the authorizing resolution or indenture. [Pre-2007 Higher Education Recodification Citation: 20-12-6-7(i).] As added by P.L.2-2007, SEC.275.
21-34-6-17. Resolutions and Indentures
Sec. 17. A resolution or indenture may contain provisions regarding: (1) the investment of money, sale, exchange, or disposal of property; and (2) the manner of authorizing and making payments, notwithstanding IC 5-13 or any general statute relating to these matters. [Pre-2007 Higher Education Recodification Citation: 20-12-6-7(j).] As added by P.L.2-2007, SEC.275.
21-34-6-18. Execution of Bonds and Coupons
Sec. 18. (a) Bonds and coupons appertaining to bonds shall be executed in the name of the issuing state educational institution by the manual or facsimile signatures of the officer or officers of the state educational institution that the board of trustees of the state educational institution designates. (b) One (1) signature on the obligation […]
21-34-6-14. Rates of Interest of Bonds
Sec. 14. The rate or rates of interest of bonds may be fixed or variable. Variable rates shall be determined in the manner and in accordance with the procedures set forth in the resolution or indenture authorizing the issuance of the bonds. Bonds bearing a variable rate of interest may be converted to bonds bearing […]
21-34-6-15. Payment of Interest
Sec. 15. Interest may be: (1) payable semiannually, annually, or at any other interval or intervals as may be provided in the resolution or indenture; or (2) compounded and paid at maturity or at any other times as specified in the resolution or indenture. [Pre-2007 Higher Education Recodification Citation: 20-12-6-7(h) part.] As added by P.L.2-2007, […]
21-34-6-1. Issuance and Sale of Bonds
Sec. 1. The board of trustees of a state educational institution may borrow money and evidence the loans by the issuance and sale of bonds of the board of trustees of the state educational institution to provide funds with which to: (1) pay part or all of the cost of any building facility, work, act, […]
21-34-6-2. Security of Bonds
Sec. 2. Bonds and the interest on bonds may be secured by the following: (1) A pledge or mortgage of: (A) any property, real or personal, used, acquired, or to be acquired and used for the purposes of this article; and (B) the improvements made or to be made on the property. However, no real […]
21-34-6-3. Liens
Sec. 3. The lien of the pledges or mortgages, to the extent of the lien, unless otherwise determined by the board of trustees of the state educational institution, is a first and primary lien for the payment of the bonds secured and the interest on the bonds. [Pre-2007 Higher Education Recodification Citation: 20-12-6-6(b).] As added […]
21-34-6-4. Issuance of Bonds; Limitations on Amount
Sec. 4. In authorizing the issuance of bonds for any building facility or facilities, the board of the issuing state educational institution may: (1) limit the amount of bonds that may be issued as a first lien and charge against the property, fees, income, and funds; and (2) provide, after the original issuance of bonds, […]
21-34-6-5. Additional Bonds; Terms and Conditions of Issuance
Sec. 5. Additional bonds: (1) shall be issued on the terms and conditions that the board of trustees of the issuing state educational institution determines; and (2) may be: (A) secured equally and ratably, without preference, priority, or distinction, with the original issue of bonds; or (B) made junior to the original issue of bonds. […]