Constitution of Indiana (2026 publisher edition) — Article 13

Publisher edition notice: This collection preserves the complete constitution PDF included in the publisher's 2026 Indiana Code archive. Changes after that archive edition have not been independently verified.

Article 13

Indebtedness. Section 1. No political or municipal corporation in this State shall ever become indebted, in any manner or for any purpose to an amount, in the aggregate, exceeding two per centum on the value of the taxable property within such corporation, to be ascertained by the last assessment for State and county taxes, previous to the incurring of such indebtedness; and all bonds or obligations, in excess of such amount, given by such corporations, shall be void: Provided, That in time of war, foreign invasion, or other great public calamity, on petition of a majority of the property owners in number and value, within the limits of such corporation, the public authorities, in their discretion, may incur obligations necessary for the public protection and defense to such amount as may be requested in such petition. (History: As Amended March 14, 1881). Section. 2. (History: Repealed March 14, 1881). Section 3. (History: Repealed March 14, 1881). Section 4. (History: Repealed March 14, 1881).