Indiana § 8-4-7-9 - Financing of operation; loans and bond issues
Full text of Indiana Indiana Code § 8-4-7-9 — Financing of operation; loans and bond issues, with citation guidance and answers to common questions.
§ 8-4-7-9. Financing of operation; loans and bond issues
Sec. 9. Any such union railway company shall have power to borrow money for the purpose of raising means to carry out the powers conferred by this chapter, and may issue coupon or other bonds payable to bearer, bearing interest not exceeding the highest contract rate of interest which may be allowable in this state at the time, such interest to be payable semiannually, and such company may also mortgage its franchises, property, and revenues of every kind then owned or subsequently to be acquired to secure the payment of such loan and interest or of such bonds and interest.
Formerly: Acts 1885, c.20, s.9. As amended by P.L.62-1984, SEC.51.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-4-7-9
What does Indiana Code § 8-4-7-9 cover?
Section 8-4-7-9 ("Financing of operation; loans and bond issues") 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 § 8-4-7-9?
A common citation format is "Indiana Code § 8-4-7-9" (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 § 8-4-7-9 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.