If the flood control district is unable to pay any bonds or the interest on them at the times fixed for payment, refunding bonds may be issued and sold under section 23 of this chapter to obtain money for that purpose. The refunding bonds are payable within the period fixed by the flood control board, which may not exceed ten (10) years.[Pre-Local Government Recodification Citation: 19-4-18-14 part.]As added by Acts 1981, P.L.309, SEC.105.
Indiana Legal Code