Delaware Statutes
§ 4641 — Contents of notice of sale — Deposit
The notice of sale shall require all bidders to deposit a certified or cashier’s check for 2% of the amount of bonds proposed to be sold, to secure the district from any loss resulting from the failure of the bidder to comply with the terms of his or her bid.
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Legislative History
9 Del. C. 1953, § 4640; 56 Del. Laws, c. 103, § 13 ; 70 Del. Laws, c. 186, § 1
Nearby Sections
15
§ 4601
Definitions§ 4602
Purpose§ 4603
Planning§ 4604
Public hearing§ 4607
Referendum upon petition§ 4608
Review§ 4610
Plans and specifications§ 4611
Contracts§ 4613
Preliminary expenses