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Ind. Code § 36-5-5-7

Bonds, notes, or warrants; prohibition

As added by Acts 1980, P.L.212, SEC.4.

Sec. 7. The town legislative body may not authorize the manager to issue or execute bonds, notes, or warrants of the town.

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