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14-33-20-20. Recital of authority of bond, note, or other evidence of indebtedness

IN Code § 14-33-20-20 (2019) (N/A)
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Sec. 20. A resolution authorizing bonds, notes, or other evidences of indebtedness payable from revenues must provide that a bond, note, or other evidence of indebtedness payable from revenues contain a recital that the bond, note, or other evidence of indebtedness is issued under this article or under IC 13-3-3 (before its repeal). A bond, note, or other evidence of indebtedness containing the recital under authority of such a resolution is conclusively considered:

(1) to be valid; and

(2) to have been issued in conformity with this article or IC 13-3 (before its repeal).

[Pre-1995 Recodification Citation: 13-3-4-8(c) part.]

As added by P.L.1-1995, SEC.26.

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