Sec. 5. Additional bonds: (1) shall be issued on the terms and conditions that the board of trustees of the issuing state educational institution determines; and (2) may be: (A) secured equally and ratably, without preference, priority, or distinction, with the original issue of bonds; or (B) made junior to the original issue of bonds. [Pre-2007 Higher Education Recodification Citation: 20-12-6-6(d).]
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