§ 35-9-206 — Issuance of bonds; notice; bids

If the proposal to issue said bonds shall be approved, the board
of directors must issue such bonds in such form as the board may
direct and shall give notice by publication in some newspaper
published in the counties in which said district is located and
in some newspaper of general circulation in the capital of the
state of its intention to issue and negotiate such bonds, and to
invite bidders therefor; provided that in no case shall such
bonds be sold for less than their full or par value and the
accrued interest thereon at the time of their delivery. And the
said trustees are authorized to reject any bids, and to sell
said bonds at private sale, if they deem it for the best
interests of the district.