§ 32-11-547 — Contents of sale notice

Colorado § 32-11-547

• Jurisdiction: Colorado
• Title 32: Special
• Art.: Urban Drainage and Flood Control Act

Text

(1) The notice shall:

(a) Specify a place and designate a day and the hour thereof subsequent to
the date of the last publication when sealed bids for the purchase of the securities
shall be received and opened publicly;

(b) Specify the maximum rate of interest which the securities shall bear;

(c) Require each bidder to submit a bid specifying the lowest rate or rates of
interest and premium, if any, at which the bidder will purchase the securities, at or
above par, or, if so permitted by the board, below par at a discount not exceeding
the maximum discount fixed by the board.

Legislative History

Source: L. 69: p. 776, � 89. C.R.S. 1963: � 89-21-89.