State Codes and Statutes
Statutes > Indiana > Title5 > Ar1 > Ch12IC 5-1-12
Chapter 12. Payment of Bond Premiums
IC 5-1-12-1
"Municipal corporation" defined
Sec. 1. The term "municipal corporation" means a county,
township, city, town, or school corporation.
As added by Acts 1980, P.L.8, SEC.21.
IC 5-1-12-2
Premiums on bid prices to constitute part of fund to retire bond
and pay interest thereon
Sec. 2. 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.
As added by Acts 1980, P.L.8, SEC.21.
