Ind. Code § 14-33-20-20

Current through P.L. 171-2024

Section 14-33-20-20 - Recital of authority of bond, note, or other evidence of indebtedness

A resolution authorizing bonds, notes, or other evidences of indebtedness payable from revenues must provide that a bond, note, or other evidence of indebtedness payable from revenues contain a recital that the bond, note, or other evidence of indebtedness is issued under this article or under IC 13-3-3 (before its repeal). A bond, note, or other evidence of indebtedness containing the recital under authority of such a resolution is conclusively considered:

(1) to be valid; and

(2) to have been issued in conformity with this article or IC 13-3 (before its repeal).

IC 14-33-20-20

Pre-1995 Recodification Citation: 13-3-4-8(c) part.

As added by P.L. 1-1995, SEC.26.