Sec. 10. (a) A county or city may not issue bonds or any other evidence of indebtedness payable by taxation for the construction of a memorial if the total issue of the bonds exceeds two percent (2%) of the adjusted value of the taxable property of the county or city in which the memorial is located as determined under IC 36-1-15.

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Terms Used In Indiana Code 10-18-3-10

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
     (b) Bonds or obligations issued in violation of this section are void.

     (c) Bonds issued under section 8 of this chapter are exempt from taxation.

[Pre-2003 Recodification Citation: 10-7-5-10.]

As added by P.L.2-2003, SEC.9.

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