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Ind. Code § 21-35-3-13

Bonds and interest on bonds secured by pledge or mortgage

As added by P.L.2-2007, SEC.276.

Sec. 13. The bonds and the interest on the bonds may be secured by pledge or mortgage of:

(1) any property, real or personal, used or acquired or to be acquired and used for the property and the improvements made or to be made on the property;

(2) the net income from the property;

(3) the property and the net income from the property; or

(4) any unobligated net income of any property financed under this chapter;

as the board of trustees may determine.

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