70-1719. GENERAL OBLIGATION BONDS — SALE. Such general obligation bonds shall be sold in such manner as the port commission shall by resolution direct, either at public or private sale and at a price of not less than par plus accrued interest to date of delivery and payment. The maximum effective interest rate may not exceed the maximum interest rate specified in the proposition authorizing the bonds.
History:
[70-1719, added 1969, ch. 55, sec. 97, p. 144.]
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