California Statutes
§ 71970. — 71970. (Added by Stats. 1963, Ch. 156.)
California·Code WAT Water Code - WAT·Div. 20. DIVISION 20. MUNICIPAL WATER DISTRICTS·Part 7. PART 7. BONDS·Ch. 6. CHAPTER 6. Issuance and Sale of Bonds·Art. 2. ARTICLE 2. Sale of Bonds and Use of Proceeds
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, it may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 71970. (71970. (Added by Stats. 1963, Ch. 156.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1963, Ch. 156.