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.
[Pre-Local Government Recodification Citation: 19-8-8-1.]
As added by Acts 1980, P.L.8, SEC.21.
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