Indiana § 16-23-1-36 - Bonds; terms; security
Full text of Indiana Indiana Code § 16-23-1-36 — Bonds; terms; security, with citation guidance and answers to common questions.
§ 16-23-1-36. Bonds; terms; security
Sec. 36. (a) The ordinance specified in section 35 of this chapter shall provide for the following:
(1) The issuance, sale, execution date, and principal of each bond to be issued.
(2) The number of bonds and the aggregate principal of the bond issue.
(3) The payment of interest on the bonds annually or semiannually.
(4) A maturity date that is within twenty-five (25) years from the date of execution of the bonds.
(5) Any other terms authorized or required by statute.
(b) The city fiscal body also shall pledge the full faith and credit of the city, with the city's taxable property, to the redemption of the bonds on the respective maturity dates of the bonds and to the payment of all interest becoming due on the bonds.
[Pre-1993 Recodification Citations: 16-12.2-5-25(c); 16-12.2-5-26.]
As added by P.L.2-1993, SEC.6.
Frequently Asked Questions About Indiana § 16-23-1-36
What does Indiana Code § 16-23-1-36 cover?
Section 16-23-1-36 ("Bonds; terms; security") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 16-23-1-36?
A common citation format is "Indiana Code § 16-23-1-36" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 16-23-1-36 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.