ation ▁and ▁property ▁assess ment , ▁as ▁well ▁as ▁the ▁approved ▁uses ▁and ▁reporting ▁requirements ▁for ▁the ▁state ' s ▁re venue . ▁Section ▁ 5 ▁prohib its ▁the ▁state ▁from ▁inc urr ing ▁deb t ▁except ▁in ▁limited ▁and ▁specific ▁situations ▁such ▁as ▁w art ime ▁or ▁for ▁public ▁defense . ▁Article ▁ 1 1 ▁( Cor por ations ) ▁describes ▁the ▁state ' s ▁authority ▁to ▁invest ▁of ▁state ▁funds ▁and ▁establish ▁Indiana ' s ▁bank ing ▁laws ▁and ▁state - char tered ▁financial ▁institutions ▁such ▁as ▁banks . ▁Article ▁ 1 2 ▁( Mil it ia ) ▁provides ▁for ▁the ▁organization , ▁equ ipping , ▁and ▁training ▁of ▁a ▁state ▁milit ia , ▁in ▁addition ▁to ▁describing ▁el ig ibility ▁requirements ▁for ▁service . ▁Section ▁ 1 ▁decl ares ▁those ▁el ig ible ▁for ▁service ▁to ▁be ▁" all ▁persons ▁over ▁the ▁age ▁of ▁sevent een ▁( 1 7 ) ▁years , ▁except ▁those ▁persons ▁who ▁may ▁be ▁ex empt ed ▁by ▁the ▁laws ▁of ▁the ▁United ▁States ▁or ▁of ▁this ▁state ." ▁Article ▁ 1 3 ▁( Ind eb ted ness ) ▁limits ▁inde bt ed ness ▁of ▁municipal ▁corpor ations ▁to ▁two ▁percent ▁of ▁the ▁property ▁tax ▁base ▁except ▁in ▁the ▁event ▁of ▁a ▁war ▁or ▁certain ▁other ▁defined ▁emer gen cies , ▁if ▁property ▁own ers ▁in ▁the ▁affected ▁area ▁submit ▁a ▁pet ition ▁request . ▁ ▁Article ▁ 1 4 ▁( Bound aries ) ▁sets ▁the ▁official ▁boundaries ▁for ▁the ▁state ▁and ▁various ▁legal ▁juris dict