Indiana Code 5-1-7-7. “Bond” and “bond fund” defined
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Terms Used In Indiana Code 5-1-7-7
- bond: as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township. See Indiana Code 5-1-7-7
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 7. The term “bond” as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township. The term “bond fund” means any fund from which any of such bonds so issued or the interest thereon is paid.
[Pre-Local Government Recodification Citation: 17-3-82-7.]
As added by Acts 1980, P.L.8, SEC.12.