§ 2-272. Sale of bonds.

Bonds issued under this Division may be sold at not less than par at public sales held after notice published prior to such sale in a newspaper having a general circulation in the County and in such other medium of publication as the County may determine or may be exchanged for other bonds on the basis of par. Such bonds may be sold to the Federal Government at private sale at not less than par, and, in the event less than all of the authorized principal amount of such bonds is sold to the Federal Government, the balance may be sold at private sale at not less than par at an interest cost to the County of not to exceed the interest cost to the County of the portion of the bonds sold to the Federal Government.

(Laws 1963, ch. 778, Sec. 10; PLL 1963, Sec. 18-21)