Section 41-7-926 – Readvertisement or Private Sale.
41-7-926. Readvertisement or private sale. In case no award is made, the board of commissioners thereafter may either readvertise the bonds or any part of them for sale or sell them at private sale.
Section 41-7-927 – Approval of Private Sale Required.
41-7-927. Approval of private sale required. No sale of bonds at private sale shall be valid unless approved by the court, or public service commission.
Section 41-7-928 – Exchange of Construction Bonds for Property or Stock.
41-7-928. Exchange of construction bonds for property or stock. A district may exchange its construction bonds for any property or interest in property which the district might acquire with the proceeds of the bonds, if sold, or for the capital stock of any corporation owning the property, upon terms the board of commissioners deem best.
Section 41-7-929 – Refunding Bonds Sold or Exchanged for Bonds or Warrants.
41-7-929. Refunding bonds sold or exchanged for bonds or warrants. (a) Any refunding bonds may be either: (i) Sold from time to time in the same manner as other bonds of the district; or (ii) Exchanged for other bonds or warrants of the district upon terms approved by the court.
Section 41-7-930 – Immediate Cancellation of Refunded or Exchanged Bonds.
41-7-930. Immediate cancellation of refunded or exchanged bonds. Any outstanding bonds refunded or exchanged shall be immediately canceled by the treasurer.
Section 41-7-931 – Cancellation of Unissued Bonds; Resolution of Board.
41-7-931. Cancellation of unissued bonds; resolution of board. Whenever the whole or any portion of any issue of bonds of any district remains unissued for more than one (1) year after the date of the election at which the bonds were authorized, the board of commissioners, by a resolution adopted by a two-thirds vote of […]
Section 41-7-922 – Contents of Notice of Sale.
41-7-922. Contents of notice of sale. The notice shall state that sealed proposals will be received by the board of commissioners at the district office for the purchase of bonds until the day and hour specified in the resolution.
Section 41-7-923 – Sale Made to Highest Responsible Bidder.
41-7-923. Sale made to highest responsible bidder. At the time specified the board of commissioners shall open the proposals and award the purchase of the bonds or any portion of them to the highest responsible bidder or bidders.
Section 41-7-924 – Certified Check to Accompany Bid; Forfeiture.
41-7-924. Certified check to accompany bid; forfeiture. No proposal shall be accepted which is not accompanied by a certified check for a reasonable percentage of the amount of the bid as determined by the board of commissioners, but in no event less than two percent (2%), to apply on the purchase price of the bonds. […]
Section 41-7-925 – Board May Reject Bids.
41-7-925. Board may reject bids. The board of commissioners may reject any or all bids.