48-2757. Sale of bonds; notice
A. The board of directors may sell the bonds from time to time in such quantities
as may be necessary and most advantageous to raise money for the purposes specified in
section 48-2751, and otherwise to carry out the objects and purposes of this
chapter. Before making any sale the board shall declare by resolution its intention to
sell a specified amount of the bonds, and shall fix the day, hour and place of sale, and
shall cause the resolution to be entered in the minutes of the board.
B. Notice of the sale shall be given by publication thereof for at least ten days
in a newspaper published in the county in which the office of the board of directors is
located, and in such other newspapers as the board directs. The notice shall state that
sealed bids will be received by the board at its office for the purchase of the bonds
until the day and hour named in the resolution.
C. At the time appointed the board shall meet and open the bids and award the
purchase of the bonds to the highest responsible bidder. The board may, by the
resolution and notice, require such deposit or certified check as an evidence of good
faith to accompany each bid for the bonds. The board may, in its discretion, reject any
and all bids. None of the bonds shall be sold for less than ninety-five per cent of
their par value.
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