7-31-113. Disposition of bonds. (1) The board of county commissioners or council, as the case may be:
     (a) may provide by said contract for the delivery of said bonds or any part thereof at their face value, upon the terms and conditions provided in said contract; or
     (b) may sell and dispose of the same or any part thereof to raise funds to carry out said contract and use such funds for that purpose and for the payment of any expert or experts or any incidental expenses proper and necessary in and about said contract and the carrying out of the same.
     (2) In the event said bonds are sold, they shall be sold for cash to the highest bidder, after public notice by publication in a paper of general circulation which may be printed and published in each county in the state and also by publication in at least three newspapers of general circulation printed and published in the cities of Boston and New York. Such notice shall be published at least once a week and shall contain, in substance, a description of said bonds as set out in 7-31-112.

     History: En. Sec. 8, p. 145, L. 1893; re-en. Sec. 4838, Pol. C. 1895; re-en. Sec. 3437, Rev. C. 1907; re-en. Sec. 5296, R.C.M. 1921; re-en. Sec. 5296, R.C.M. 1935; R.C.M. 1947, 11-2508(part).