5-1.4-2-8. Liability of Director or Issuer of Bonds or Notes
Sec. 8. Neither a director nor a person executing bonds or notes issued under this article is liable personally on the bonds or notes. As added by P.L.42-1985, SEC.1.
5-1.4-4-7. Issuance of Notes; Payment of Principal or Interest
Sec. 7. The bank may from time to time issue its notes under this article and pay and retire the principal of the notes or pay the interest due thereon or fund or refund the notes from proceeds of bonds or of other notes or from other funds or money of the bank available for […]
5-1.4-2-9. Executive Director; Duties
Sec. 9. (a) The executive director appointed under section 3 of this chapter shall, in addition to other duties fixed by the directors: (1) administer, manage, and direct the employees of the bank; (2) approve all amounts for salaries, allowable expenses of the bank or of any employee or consultant of the bank, and expenses […]
5-1.4-4-8. Trust Agreement as Security; Provisions of Trust Agreement or Resolution; Expenses
Sec. 8. (a) Any bonds or notes issued under this chapter may be secured by the board by a trust agreement by and between the board and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside the state. (b) The trust agreement or […]
5-1.4-3-1. Powers
Sec. 1. The bank is granted all powers necessary, convenient, or appropriate to carry out and effectuate its public and corporate purposes, including the following: (1) Have a perpetual existence as a body politic and corporate and an independent instrumentality, but not a city or county agency, exercising essential public functions. (2) Sue and be […]
5-1.4-3-2. Additional Powers
Sec. 2. The bank may: (1) make, enter into, and enforce all contracts necessary, convenient, or desirable for the purposes of the bank or pertaining to: (A) a purchase or sale of securities or other investments; or (B) the performance of its duties and execution of any of its powers under this article; (2) purchase […]
5-1.4-3-3. Investments
Sec. 3. Money not being used to purchase securities may be invested as provided in a resolution, agreement, or trust agreement of the bank. As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.6.
5-1.4-3-4. Prohibited Acts
Sec. 4. The bank may not: (1) purchase securities other than from a qualified entity or other than for investment under section 3 of this chapter; (2) deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States, of the state, or […]
5-1.4-3-5. Audit of Books and Accounts; Annual Report to Mayor
Sec. 5. (a) The bank shall have an audit of its books and accounts made at least once each year by either the state board of accounts or by an auditor or auditing firm to be appointed by the board upon review of the firm’s proposal by the state board of accounts. The cost of […]
5-1.4-3-6. Annual Budget; Amendment
Sec. 6. The board shall adopt an annual budget on either a calendar or fiscal year basis. The annual budget may be amended from time to time during the year. As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.8.