Indiana Code § 15-14-8-3

Surplus; use to retire bonds
Open in Lexace · Ask the AI about this section
Sec. 3. If bonds have been issued under section 1 of this chapter and there is a surplus in the treasury of the society or fair, funds not needed for improvements on the grounds must be used to retire the bonds. Bonds must be retired in the order of their seniority, and a clause stating this privilege must be inserted in all bonds. [Pre-2008 Recodification Citation: 15-1-7-3.]   IC 15-14-9 Chapter 9. Tax Levy for County Fairs               15-14-9-1 County appropriation; purposes; restrictions             15-14-9-2 Multiple fairs and exhibitions; appropriations

‹ Prev All Indiana sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.