Indiana Code 14-13-2-22. Redemption and negotiability of bonds
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Sec. 22. (a) Bonds issued under this chapter or under IC 14-6-29.5 (before its repeal) may be made redeemable before maturity at the option of the commission at the price and under the terms and conditions that are determined by the commission in the authorizing resolution. The commission shall do the following:
(2) Fix the denomination of the bonds.
(1) Determine the form of the bonds, including any interest coupons to be attached to the bonds.
Terms Used In Indiana Code 14-13-2-22
- commission: refers to the Little Calumet River basin development commission created by this chapter. See Indiana Code 14-13-2-2
(3) Fix the place of payment of principal and interest, which may be at any bank or trust company within or outside Indiana.
(b) Bonds have the qualities and incidents of negotiable instruments under Indiana law. Provision may be made for the registration of any of the bonds as to principal alone and also as to both principal and interest.
[Pre-1995 Recodification Citation: 14-6-29.5-9(e).]
As added by P.L.1-1995, SEC.6. Amended by P.L.106-2012, SEC.14.