{"data":{"id":"us-in/ic-5-1-12-2","jurisdiction":"us-in","citation":"IC 5-1-12-2","heading":"Premiums on bid prices to constitute part of fund to retire bond and pay interest thereon","body":"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.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1. BONDS AND OTHER OBLIGATIONS","Chapter 12. Payment of Bond Premiums"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1-12-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"ade56e3a3a2d794eec6d676102a44bb667212addb34464a3b16f1c917a39f063","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1-12-1","next":"us-in/ic-5-1-13-1"},"notice":"GroundRules: Original legal text. Not legal advice."}