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).]
‹ 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.