Bonds may be sold in blocks or installments at different times, or an entire issue
or series may be sold at one time. Bonds may be sold at public or private sale after
such advertisement, if any, as the board may deem advisable but not in any event at
less than ninety (90) per cent of the par value thereof, together with accrued interest
thereon. Bonds may be sold or exchanged for refunding bonds. Special assessment and
revenue bonds may be delivered as payment by the district of the purchase price of
any project or part thereof, or a combination of projects or parts thereof, or as
the purchase price or exchanged for any property, real, personal or mixed, including
franchises, or services rendered by any contractor, engineer or other persons, all
at one time or in blocks from time to time, in such manner and upon such terms as
the board in its discretion shall determine. The price or prices for any bonds sold,
exchanged or delivered may be (a) the money paid for the bonds, (b) the principal
amount, plus accrued interest to the date of redemption or exchange, or outstanding
obligations exchanged for refunding bonds, (c) in the case of special assessment or
revenue bonds, the amount of any indebtedness to contractors or other persons paid
with such bonds, or the fair value of any properties exchanged for the bonds as determined
by the board.
(Sp. Acts, Ch. 75-353, § 15)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
