Del. Code tit. 9 § 4638

Current through 2024 Legislative Session Act Chapter 402

Section 4638 - Contents of notice of sale - Generally

The public notice of sale of bonds shall describe the bonds and set forth the terms and conditions of sale. It shall invite bidders to name the rate or rates of interest to be borne by the bonds, which rate or rates shall be stated in multiples of 1/8 or 1/10 of 1 percent. The notice shall also state that the bonds will not be sold for less than par and accrued interest.

9 Del. C. § 4638

9 Del. C. 1953, § 4637; 56 Del. Laws, c. 103, § 13.;