Indiana § 5-1-12-2 Premiums on bid prices to constitute part of fund to retire bond and pay
interest thereon

Indiana Statutes

§ 5-1-12-2 — Premiums on bid prices to constitute part of fund to retire bond and pay interest thereon

Indiana § 5-1-12-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 12Payment of Bond Premiums

This text of Indiana § 5-1-12-2 (Premiums on bid prices to constitute part of fund to retire bond and pay interest thereon) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-1-12-2 (2026).

Text

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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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.