Indiana Code 8-14-9-11. Bonds; disclaimer; revenues for payment
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Terms Used In Indiana Code 8-14-9-11
- 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. 11. The face of each bond shall include a statement that the bond does not constitute a corporate obligation or indebtedness of the qualified county and that the bond principal and interest are payable only out of the revenues of the local county road and bridge district.
As added by Acts 1981, P.L.88, SEC.13.