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Ind. Code § 13-21-8-4

Security of bonds

As added by P.L.1-1996, SEC.11.

Sec. 4. (a) The resolution may pledge and assign for the security of the revenue bonds all or part of the revenues or net revenues of the facilities.

(b) To adequately secure the payment of the revenue bonds and the interest on the bonds, the district and the district's officers, agents, and employees shall provide for the covenants and do other acts and things that:

(1) are necessary, convenient, or desirable to secure the revenue bonds; or

(2) may tend to make the revenue bonds more marketable.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.