NOTE: §695 eff. until July 1, 2021. See Acts 2018, No. 569.
§695. Sale of refunding bonds
The refunding bonds shall be sold for not less than par at public sale upon sealed bids after public advertisement. The notice calling for bids need be published only two times within a period of not less than five days in a newspaper of general circulation published in the parish where governing authority issuing the refunding bonds is located or has its domicile. The first of such publications shall be made at least seven days in advance of the date scheduled for the reception of bids for the bonds. The notice also shall be published one time in either a newspaper of general circulation or a financial journal or newspaper containing a section devoted to municipal bond news published in either of the cities of New Orleans, Louisiana, or New York, New York. This publication shall be made at least seven days in advance of the date scheduled for the reception of bids for the securities.
NOTE: §695 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
§695. Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Added by Acts 1975, No. 153, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
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