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Current as of January 01, 2024 | Updated by Findlaw Staff
7. Said bonds shall be sold at not less than par and accrued interest and under such regulations as the issuing officials may prescribe, after notice of sale published at least three times, the first publication to be not less than ten days previous to the sale, in at least six newspapers published in the state of New Jersey and in one financial paper published in the city of New York and of Philadelphia respectively. The said notice of sale may contain a provision to the effect that any or all bids made in pursuance thereof may be rejected. In the event of such rejection, the issuing officials are authorized to give further notice of sale, in the manner above described, as many times as in their judgment may be necessary to effect a satisfactory sale. The issuing officials may sell all or part of the bonds of any series as issued, to the sinking fund herein created and provided, or to the sinking fund of other bonds issued by the state, at private sale without advertisement.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 27 § 11-7(7) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-27-11-7-7/
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