(a)Each board of county commissioners shall give notice
by publication in some newspaper published in the county if
there be one otherwise by three (3) notices posted in the
county, one (1) of which is at the courthouse door, of its
intention to issue and negotiate the bonds and invite bidders
therefor. The notice shall also be published in a newspaper of
general circulation in Cheyenne.
(b)After ascertaining the best terms and the lowest
interest at which the bonds can be negotiated the board of
county commissioners shall secure the proper engraving and
printing, have them consecutively numbered and otherwise
properly prepared and executed.
(c)When the bonds are executed they shall be registered
by the county clerk in a public record book kept for that
purpose and therein shall be stat
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(a) Each board of county commissioners shall give notice
by publication in some newspaper published in the county if
there be one otherwise by three (3) notices posted in the
county, one (1) of which is at the courthouse door, of its
intention to issue and negotiate the bonds and invite bidders
therefor. The notice shall also be published in a newspaper of
general circulation in Cheyenne.
(b) After ascertaining the best terms and the lowest
interest at which the bonds can be negotiated the board of
county commissioners shall secure the proper engraving and
printing, have them consecutively numbered and otherwise
properly prepared and executed.
(c) When the bonds are executed they shall be registered
by the county clerk in a public record book kept for that
purpose and therein shall be stated showing the number, date,
amount of bond, time and place of payment, rate of interest,
number of coupons attached and any other description for future
identification. The board of county commissioners shall from
time to time and in such amounts as it deems proper, deliver the
bonds to the county treasurer and take and file his receipt
therefor and charge him with all bonds so delivered.
(d) The duties of the board of county commissioners
pursuant to the provisions of W.S. 18-4-501 and 18-4-503 through
18-4-506 may be performed at any meeting thereof.
(e) The treasurer under the general supervision of the
board shall sell the bonds for cash or exchange them for any
county indebtedness for the redemption of which they were
issued, but shall not sell or exchange the bonds for less than
their face or par value and the accrued interest at the time of
their disposal. No county indebtedness shall be redeemed at more
than its face value and any interest that may be due thereon. If
any portion of the bonds are sold for money the proceeds shall
be applied exclusively toward the redemption of the county
indebtedness for which the bonds were issued.
(f) When the treasurer redeems any county indebtedness he
shall endorse by writing or stamping in ink on the face of the
paper evidencing the indebtedness redeemed, the time of
redemption, the amount redeemed, whether by money or the
exchange of bonds and the words "redeemed" and "cancelled". He
shall keep a record of all bonds redeemed showing their number,
rate of interest, date and amount of sale, when, where and to
whom payable, and if exchanged, for what. The record shall be
open for inspection by the public during usual office hours. He
shall make detailed statements as often as required by the board
of county commissioners of all bond redemption transactions and
return to the board all redeemed and cancelled evidences of
indebtedness.