12-3428.   Same; sale of bonds; conditions.All bonds sold hereunder may be sold at public or private sale in thediscretion of the board of directors. If such bonds are sold at publicsale, they shall be awarded to the best bidder, based upon an opencompetitive public offering. Notice of sale of such bonds shall beadvertised at least fourteen (14) days in advance of the time of receivingbids and said notice shall appear at least once a week for two (2)successive weeks in a newspaper of general circulation in the county wherethe principal office of the port authority is located. No bonds shall besold for less than par value.

      History:   L. 1969, ch. 89, § 28; July 1.