§ 41-10-136 — Sale of bonds at public or private sale; price; delivery of bonds to and acceptance by contractors in payment of contract price; interest rate on special assessment bonds

General obligation bonds, revenue bonds or special assessment
bonds shall be sold at public or private sale for not less than
the principal amount thereof and accrued interest, or at the
board's option below par at a discount not exceeding five
percent (5%) of the principal amount thereof, for the payment of
the contractor or contractors, for the acquisition of property
and rights thereto, including but not limited to labor, supplies
and materials acquired by the district or supplied under
agreement with the United States of America, the state of
Wyoming, or a federal or state agency, instrumentality or
corporation or other political subdivision and for all proper
incidental expenses; provided, however, the bonds may be
delivered to the contractor or contractors. If delivered to the
contractor or contractors, the bonds shall be accepted for the
principal amount thereof, plus interest due thereon to the date
of their delivery, in payment of the amounts due under the
contract or contracts, and the contractor or contractors may be
required to accept delivery of all or a part of the remainder of
the authorized issue of bonds and to pay therefor the principal
amount thereof and accrued interest to the date of delivery, so
that money will be available to the board to be expended in the
payment of the incidental expenses for the payment of which the
bonds were in part authorized. No special assessment bond
interest rate shall at one (1) time exceed the interest rate (or
lower or lowest rate if more than one (1)) borne by the special
assessments, but a bond interest rate may be the same as or less
than an assessment interest rate, subject to the aforesaid
limitation, as the board may determine. In advertising for
construction bids, the board may stipulate that the contractor
must accept bonds in payment of the contract price.