Validity or priority of lien of bond against taxable property

Ind. Code § 5-1-7-6, under Chapter 7. Redemption Bonds of Counties and Townships.

Ind. Code § 5-1-7-6

Sec. 6. Neither the provisions of this chapter nor any contract executed under this chapter shall release, waive, or destroy the validity or priority of any lien of any such bond against the taxable property of such county or any taxing district coterminous with such county, or any taxing district coterminous with any civil township of such county. [Pre-Local Government Recodification Citation: 17-3-82-6.] As added by Acts 1980, P.L.8, SEC.12.

IC 5-1-7-7 "Bond" and "bond fund" defined Sec. 7. The term "bond" as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township. The term "bond fund" means any fund from which any of such bonds so issued or the interest thereon is paid. [Pre-Local Government Recodification Citation: 17-3-82-7.] As added by Acts 1980, P.L.8, SEC.12.