Restrictions on powers

Ind. Code § 5-1-11-7, under Chapter 11. Procedures for Selling Bonds.

Ind. Code § 5-1-11-7

Sec. 7. Nothing in this chapter contained shall be so construed as to enlarge the powers of counties, townships, cities, towns, school corporations, and special taxing districts, or agencies or instrumentalities thereof to issue bonds. [Pre-Local Government Recodification Citation: 19-8-5-7.] As added by Acts 1980, P.L.8, SEC.19.