85-7-2022. Sale of bonds. Bonds issued under the provisions of this part shall be issued, negotiated, and sold by or under the direction of the board of commissioners but shall never be sold for less than 90% of their par value and accrued interest thereon to date of delivery. The board may sell said bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes for which said bonds were issued.

     History: En. Sec. 44, Ch. 146, L. 1909; amd. Sec. 13, Ch. 145, L. 1915; re-en. Sec. 7214, R.C.M. 1921; amd. Sec. 9, Ch. 157, L. 1923; re-en. Sec. 7214, R.C.M. 1935; R.C.M. 1947, 89-1707(1).