California Statutes
§ 102506. — 102506. (Added by Stats. 1971, Ch. 1374.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 14. PART 14. SACRAMENTO REGIONAL TRANSIT DISTRICT·Ch. 7. CHAPTER 7. Bonds and Other Evidences of Indebtedness·Art. 1. ARTICLE 1. Authorization and Issuance of General Obligation Bonds
The bonds may be sold as the board determines by resolution, but for not less than par. Before selling the bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as it may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
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California § 102506. (102506. (Added by Stats. 1971, Ch. 1374.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1971, Ch. 1374.