360 chapters · 5,892 sections in this title.
Ind. Code § 36-9-36-46 Bonds; maturation; interest rate
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Sec. 46. (a) The works board may provide in the preliminary resolution that the bonds issued in anticipation of the collection of the assessments shall be issued so as to mature not less than ten (10) years and not more than thirty (30) years from the date of issuance. (b) The in…
Ind. Code § 36-9-36-47 Transfer of assessment liens to bond owners
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Sec. 47. (a) Bonds issued in anticipation of the collection of assessments convey and transfer to the owner of the bonds all interests in the assessments and liens upon the respective lots or parcels of land. (b) The liens stand as security for the bonds and interest until the bo…
Ind. Code § 36-9-36-48 Bond owners; foreclosure actions; procedure
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Sec. 48. (a) Except as provided in subsection (b), sales to satisfy the bonds and interest shall be made as provided in this chapter for sales upon judgments or decrees foreclosing liens for assessments levied for improvements. (b) The first bondholder who brings a foreclosure ac…
Ind. Code § 36-9-36-49 Sale of property following foreclosure action; amount
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Sec. 49. (a) The property upon which the assessment is placed may not be sold for less than the amount of the assessment, attorney's fees, and costs. The proceeds of the sale shall be distributed as provided in this chapter. (b) If the property sells for an amount greater than th…