72 Pa. Stat. § 3933
Current through Pa Acts 2024-53, 2024-56 through 2024-92
Bids for such loan shall be received by the Governor, and shall be opened in the presence of the Governor and the Commissioners of the Sinking-Fund. The loan shall be awarded by the Governor and the Commissioners of the Sinking-Fund to the highest bidder: Provided, That no certificate of loan or bond, issued under the authority of this Act, shall be negotiated for less than par.
No bid shall be considered unless it be accompanied with a deposit of five per cent. on the amount bid for.
72 P.S. § 3933