CHAPTER 9. REFUNDING BONDS OF CITIES AND TOWNS

IC 5-1-9
    Chapter 9. Refunding Bonds of Cities and Towns

IC 5-1-9-1
Issuance; purpose; restrictions
    Sec. 1. Any city or town whose indebtedness is evidenced bybonds, notes, judgments, or other obligations issued, rendered, ornegotiated by the city or town, may, for the purpose of funding orrefunding the indebtedness, or any part thereof, reducing the rate ofinterest thereon, extending the time of payment and cancelling somuch thereof as may be or become due, by the vote of two-thirds(2/3) of the members of the fiscal body of the city or town, issue itsbonds, for an amount not exceeding in the aggregate the wholeamount of the indebtedness of the city or town.
As added by Acts 1980, P.L.8, SEC.15. Amended by P.L.8-1989,SEC.16.