If the legislative body of a municipality decides to issue bonds to obtain all or part of the money to be expended for the establishment and maintenance of an urban mass transportation system under this chapter, the legislative body may issue the bonds of the municipality in the same manner as bonds for the general purposes of the municipality. However, the bonds may be sold to the federal government at private sale and without a public offering.[Pre-Local Government Recodification Citation: 19-5-2-25.]As added by Acts 1981, P.L.309, SEC.77.
Indiana Legal Code