§ 15-7-106 — Bonds; notice; receiving bids; exception; limitation; private sale

Wyoming § 15-7-106

• Jurisdiction: Wyoming
• Title 15: Cities and Towns
• Ch. 7: PUBLIC IMPROVEMENTS
• Art. 1: IN GENERAL

Text

(a) After any bonds to be issued for any of the purposes
set forth in this article, other than special improvement bonds,
have been approved by a vote of the people, the governing body
shall give notice by advertisement for three (3) consecutive
weeks in a newspaper published in the city or town, if there is
one, and if not, then in some newspaper of general circulation
in the city or town, and in any newspaper published in other
places as may be deemed expedient. The notice shall state that
the city or town will receive bids for the sale of the bonds and
shall give the time and place where bids will be received and
opened. No bonds may be sold for less than their par value.
(b) Bonds issued by a city or town to establish,
construct, purchase or extend a system of sewerage may be sold
to the state of Wyoming or the United States of America at a
private sale, without advertisement, for not less than par and
accrued interest.