Ind. Code § 15-14-8-1

Current through P.L. 171-2024

Section 15-14-8-1 - Authority to issue first mortgage bonds

All:

(1) agricultural or horticultural societies; or

(2) county fairs having a state charter;

owning at least fifty (50) acres of real estate in fee simple may issue first mortgage bonds in a maximum amount of seventy-five percent (75%) of the value of the real estate unimproved to pay off a current incumbrance or make permanent improvements on the society's or fair's grounds.

IC 15-14-8-1

Pre-2008 Recodification Citation: 15-1-7-1.

As added by P.L. 2-2008, SEC.5.