Terms of bond sale

Ind. Code § 16-22-7-34
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 34. The bonds shall be sold by the board at public sale in the manner described under IC 5-1-11-3(c). However, the bonds may not be sold for less than the bonds' par value. Notice of sale shall be published in the manner required for bonds of a county. Any premium received from the sale of the bonds shall be used solely for the payment of principal and interest on the bonds. [Pre-1993 Recodification Citation: 16-12-20.5-19(d).] As added by P.L.2-1993, SEC.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/16Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements