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BARNES & THORBURN LLP DRAFT OF 9/8/19TRUST INDENTUREBETWEENCITY OF FISHERS, INDIANAANDTHE HUNTINGTON NATIONAL BANK, Indianapolis, Indiana As Trustees CITY OF FISHERS, INDIANA TAXABLE ECONOMIC DEVELOPMENT
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A trust indenture between a city is a legal document that outlines the terms and conditions of a municipal bond issue.
The city government or relevant authorities are required to file the trust indenture.
The trust indenture can be filled out by detailing the bond issue terms, obligations of the city, and rights of bondholders.
The purpose of a trust indenture is to protect the interests of bondholders by establishing the terms of the bond issue.
Information such as bond maturity dates, interest rates, repayment terms, and default provisions must be reported on the trust indenture.
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