Sec. 2. A political subdivision may, subject to the limitations provided by law, issue any bonds, notes, or warrants, or enter into any leases or obligations that it considers necessary. [Pre-1975 Property Tax Recodification Citation: 6-1-1-25 part.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.25-1995, SEC.47.
Lease obligations and issuance of instruments authorized
Ind. Code § 6-1.1-20-2, under Chapter 20. Procedures for Issuance of Bonds and Other Evidences of Indebtedness by Political Subdivisions.
Ind. Code § 6-1.1-20-2