{"data":{"id":"us-in/ic-8-1.5-5-13","jurisdiction":"us-in","citation":"IC 8-1.5-5-13","heading":"District bonds; nature","body":"Sec. 13. (a) The bonds of the district are:\n(1) a valid claim of the holders only against the bond and interest redemption account and the revenues of the storm water system; and\n(2) exempt from taxation in Indiana as provided by IC 6-8-5.\n(b) The bonds may be issued either as registered bonds or as coupon bonds payable to the bearer.\n(c) Except as provided in this chapter or IC 5-1-5, bonds shall be sold in accordance with IC 5-1-11. The registration of bonds does not affect negotiability.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 1.5. MUNICIPAL UTILITIES","Chapter 5. Department of Storm Water Management"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-1.5-5-13","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"3c4bfa7dff813d1dc70ef193ed81540995d5369ce714bd6f78511705c806cf0e","source_id":"us-in","stale":false,"prev":"us-in/ic-8-1.5-5-12","next":"us-in/ic-8-1.5-5-14"},"notice":"GroundRules: Original legal text. Not legal advice."}