Indiana Statutes
§ 5-1-12-2 — Premiums on bid prices to constitute part of fund to retire bond and pay interest thereon
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 12 Payment of Bond Premiums
Whenever any bonds are sold by any municipal
corporation and when the successful bidder agrees to pay and does pay
any premium as a part of the bid price of such bonds, any and all
premiums so received shall be paid into and shall constitute a part of
the fund which is created to retire such bonds and to pay the interest
thereon.
[Pre-Local Government Recodification Citation:
19-8-8-1.]
As added by Acts 1980, P.L.8, SEC.21.
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Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined