Sec. 5. (a) The bonds or notes must indicate on their face: (1) the maturity date or dates, as determined under subsection (b); (2) the interest rate or rates (whether fixed, variable, or a combination of fixed or variable) or the manner in which the interest rate or rates will be determined if variable or adjustable rates are used; (3) registration privileges and place of payment, including provisions for book entry obligations as set forth in IC 5-1-15; (4) the conditions and terms under which the bonds or notes may be redeemed or prepaid before maturity; and (5) their source of payment as set forth in section 10 of this chapter. (b) The weighted average life of the bonds or notes may not exceed the sum of: (1) the weighted average useful life of the project or projects to be financed from the proceeds of the bonds or notes; plus (2) the period of construction of the project or projects. As added by P.L.68-1988, SEC.12.
IC 8-14.5-6-6 Manual or facsimile signatures; seal Sec. 6. The bonds or notes: (1) shall be executed by the manual or facsimile signature of the chairman or vice chairman of the authority; (2) shall be attested by the manual or facsimile signature of the public finance director; (3) shall be imprinted or impressed with the seal of the authority by any means; (4) may be authenticated by a trustee, registrar, or paying agent; and (5) constitute valid and binding obligations of the authority, even if the chairman, vice chairman, or public finance director whose manual or facsimile signature appears on the bonds or notes no longer holds that office. As added by P.L.68-1988, SEC.12. Amended by P.L.162-2007, SEC.31.