Sec. 12. A municipal corporation may issue the corporation's general obligation bonds to procure funds to pay the cost of acquisition of real property. The bonds must be authorized, issued, and sold in accordance with IC 6-1.1-20.
Ind. Code § 36-12-10-12
General obligation bonds
As added by P.L.1-2005, SEC.49
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.